Ethiopia Joins PAPSS, Connecting Major African Economy to Continental Payment Rails
Ethiopia has joined the Pan-African Payment and Settlement System, with its banks preparing to enable cross-border transactions on the continental payment infrastructure. The addition connects one of Africa's largest economies by population to PAPSS's growing network of interoperable payment rails.
PAPSS Ethiopia: the announcement is the easy part
Ethiopia joining PAPSS matters — 130 million people and one of Africa's fastest-growing economies now have a formal path into the continental payments network.
But the article buries the detail that changes everything: "operational access will depend on implementation by individual institutions." The National Bank of Ethiopia signing on doesn't move a single shilling. Each bank has to build the connection itself.
That's how PAPSS works everywhere. The 1,000% volume surge reported last month came after years of exactly this slow, institution-by-institution grind. The infrastructure exists; the adoption is the hard bit.
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- Ethiopia joins PAPSS as banks prepare to enable cross-border payments · techtrendske.co.ke · T2