PAPSSCARD: Africa’s Own Payment System for Cross-Border Freedom
20:05 01.07.2025 (Updated: 20:24 01.07.2025)
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PAPSSCARD: Africa’s Own Payment System for Cross-Border Freedom
“It’s a big deal. What PAPSSCARD is supposed to do is to bring power back into the hands of Africans… It lets people get paid across borders using their local currencies… I think of it like this: it’s our own Africa’s Visa and MasterCard. You know, built for us and also by us.”
That's the opinion of Dr. Olusegun Obasun, seasoned banker and business consultant, shared in an interview with Sputnik Africa.
He highlighted why PAPSSCARD is a game changer:
Transactions settle in local currencies
Keeps value and data within Africa
Lowers fees, enhances privacy and increases economic resilience
Supports regional integration for trade and travel
“It is with more control over our currencies, our systems, and our future. It’s fantastic.”
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