Fintech Insider Podcast by 11:FS cover image

977. News: Pan-African card debuts, Tink teams up with Chip, and Circle doubles down on licence

Fintech Insider Podcast by 11:FS

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Launching the Pan-African Payment System

This chapter delves into the establishment of the Pan-African Payment and Settlement System (PAPS), which aims to enhance financial inclusion by facilitating affordable card payments across Africa. It discusses the structural benefits of PAPS, the importance of local currency transactions, and the challenges of creating a unified payment infrastructure within the continent's diverse landscape. The speakers stress the need for foundational trust and functionality in payment solutions to ensure seamless transactions and meet the evolving needs of the growing middle class.

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