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      Ethiopia Joins Pan-African Payment and Settlement System Network

      The National Bank of Ethiopia (NBE) has announced that Ethiopia is now officially a member of the Pan-African Payment and Settlement System (PAPSS). This development represents a significant step in the country's efforts to enhance its integration into the broader financial and payments landscape of Africa.

      Joining the PAPSS network will facilitate smoother and more efficient cross-border transactions within the continent, promoting trade and economic cooperation among African nations. The initiative aims to reduce reliance on foreign currencies and streamline payment processes across borders, ultimately benefiting businesses and consumers alike.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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