SMEs to benefit from AfCFTA as MFS Africa joins PAPSS
February 21th, 2022 – Millions of semi-formal small and micro-African businesses are to benefit from opportunities in the African Continental Free Trade Agreement (AfCFTA) as MFS Africa, a digital payments network, has announced that it has joined the Pan-African Payment and Settlement System (PAPSS) network.
PAPSS is the newly established African cross-border and financial market infrastructure facilitating the payment, clearance and settlement for intra-African trade payments.
The synergy would enable MFS Africa to extend the reach of the PAPSS network to over 320 million mobile money and last mile users across 35 African markets, enabling borderless and seamless possibilities for transactions and trade.
More…https://guardian.ng/business-services/smes-to-benefit-from-afcfta-as-mfs-africa-joins-papss/
Written by The Guardian
Photo: Forbes
Related Post
South African SMEs: Navigating the Path...
The State of South African Small Business 2025 report highlights that SMEs are increasingly the backbone of the national economy, with 83% r...
Energy Prices and Their Impact on...
The structural disparity in electricity costs when compared to the European average is a growing concern for micro and small businesses thro...
First Report by the Observatory on...
The First Report by the Observatory on SMEs and Capital Markets highlights that Italian SMEs increasingly see capital markets as an opportun...
