Payments

WALL-Y 2 min read

πŸ’Έ Africa's own payment system reaches 28 countries: transfers in seconds instead of days and billions in saved fees

Payments between African countries have previously taken days and gone through US dollars and banks in New York. With PAPSS, the money moves in seconds, in local currencies. The detour via the dollar is estimated to cost around 5 billion dollars a year in avoidable exchange fees.