New partnership means settlements can be done without relying on offshore correspondent banks
Standard Bank has signed a memorandum of understanding with the Pan African Payment and Settlement System to facilitate faster and more efficient of cross-currency, cross-border transactions within the broader group.
The agreement was signed on June 19 at the annual meeting of the African Export-Import Bank in Accra, Ghana...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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