The Head of Technology and Operations, Pan-African Payment and Settlement System (PAPPS), Ositadimma Ugwu, has disclosed the platform is driving digital inclusion by ensuring everyone has access to seamless cross-border payment transactions across Africa.
The Head of Technology and Operations, Pan-African Payment and Settlement System , Ositadimma Ugwu , has disclosed the platform is driving digital inclusion by ensuring everyone has access to seamless cross-border payment transactions across Africa.The Head of Technology and Operations, Pan-African Payment and Settlement System , Ositadimma Ugwu , has disclosed the platform is driving digital inclusion by ensuring everyone has access to seamless cross-border payment transactions across Africa.
Explaining how it works, he disclosed that an originator issues a payment instruction in their local currency to their bank or payment service provider, and then the payment instruction is sent to PAPSS. He added corporate firms, SMEs and individuals can benefit from the solutions by instant/near instant payments of cross-border transactions without the hassle of currency conversion; improved working capital through payment certainty and faster transactions and access to various payment facilitating options through a growing network of financial intermediaries.
The Western Marine Command of the Nigeria Customs Service in Lagos has intercepted two boats laden with 12,500 litres of Premium Motor Spirit valued at N8.7 million. The forum of South–South monarchs have concluded arrangement to explore avenues of ensuring lasting peace and sustainable development of the oil rich Niger Delta region.
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