Settlement platform to save Africa US$5bn

LIVINGSTONE MARUFU   The rollout of the  of the Pan African Payment and Settlement System (PAPSS) could save the African continent at least US$5bn annually in payment transactional cost. The platform, developed by Afreximbank, which is the main  settlement agent in partnership with participating central banks,  will be used to  for the processing, clearing  and settling of intra African  trade and…