Mobile money wallets set to link with PAPSS, opening access to African markets

According to Capital Ethiopia, Ethiopia’s non-bank mobile-money operators and payment-service providers are preparing to integrate with the Pan-African Payment and Settlement System (PAPSS), a development expected to connect domestic digital wallets to a continent-wide cross-border payments network. The planned integration could give Ethiopian merchants, artisans and small businesses faster access to customers and trading partners across Africa by reducing the cost, time and complexity of sending and receiving payments across borders.