PAPSS: Revolutionizing Intra-African Trade Payments

Theme: Fintech & Financial Infrastructure The Story: The Pan-African Payment and Settlement System (PAPSS) is now being adopted by central banks across the continent. It allows for instant cross-border payments in local currencies, bypassing the need for third-party “hard” currencies like the USD or Euro. Why it matters for DIG: This is a direct win for your East Africa Fintech Hub focus. It reduces transaction costs for diaspora-led businesses and makes intra-African trade significantly more liquid, solving one of the primary “friction” points in regional investment.