ZIMBABWE has become a part of the three first Southern African countries to embrace the efficient Pan-Africa Payment System (PAPPS) in a bid to improve the ease of payments for local businesses when transacting beyond the borders.
ZIMBABWE has become a part of the three first Southern African countries to embrace the efficient Pan-Africa Payment System in a bid to improve the ease of payments for local businesses when transacting beyond the borders.
This financial market infrastructure facilitates real-time settlement of intra-African trade and payments in African currencies, across the continent. "This network includes 13 central banks, with 6 in the West African Monetary Zone region Nigeria, Ghana, Guinea, Gambia, Liberia, and Sierra Leone, three in East Africa Kenya, Rwanda, and Djibouti.
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