Why is Africa still paying a premium to trade with itself? Discover the paradox of regional trade where many Nigerian businesses convert Naira to Dollars for intra-African transactions, despite initiatives like the African Continental Free Trade Area (AfCFTA).<br /><br />This reliance on external currencies and costly payment systems costs Africa an estimated $5 billion annually in lost foreign exchange and transaction fees. Learn how the Pan-African Payment and Settlement System (PAPSS) offers a solution by enabling local currency cross-border payments, though its adoption is still evolving.<br /><br />If Africa is serious about building an integrated market and unlocking its full trade potential, digital payment integration is not just beneficial—it's absolutely essential.<br /><br />#AfCFTA #AfricanTrade #DigitalPayments #PAPSS
