The Pan African Payment and Settlement System (PAPSS) can end such anachronistic delays and contribute to making African free trade a reality, PAPSS CEO Mike Ogbalu III tells The Africa Report.
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Nigeria: Afreximbank payments system can lift foreign trade, PAPSS CEO Ogbalu says
Business payment times between Nigeria and Ghana can take anywhere up to seven and 14 days. Rather than transfer money, it has been faster to just get on a plane in Lagos with a suitcase full of cash and catch a plane to Accra...until now.
