Ecobank, PAPSS partner to enhance cross-border payment across Africa

The MoU was signed on Monday, 19 June 2023 during the opening ceremony of the 30th Afreximbank Annual Meeting (AAM) held in Accra, Ghana, honoured by the presence of H.E. Nana Akufo Addo, President of the Republic of Ghana and other African Heads of States, Professor Benedict Oramah, President of Afreximbank, H.E. Wamkele Mene, Secretary General of the AfCFTA and many other dignitaries.

Established by the African Export-Import Bank (Afreximbank) and the Africa Continental Free Trade Area (AfCFTA) Secretariat, PAPSS is a financial market infrastructure that provides a secure and efficient channel for processing cross-border payments, ensuring speed, affordable cost, and reliability in order to facilitate intra-African trade.