Ethiopia Joins Pan-African Payment and Settlement System (PAPSS) Network as National Bank of Ethiopia and PAPSS Announce the 2nd Edition of COWRY in Addis Ababa

The National Bank of Ethiopia and the Pan-African Payment and Settlement System announced that Ethiopia has officially joined the PAPSS network. PAPSS was established under the auspices of Afreximbank, the African Union and the African Continental Free Trade Area Secretariat to support the continent's economic integration and intra-African trade. Ethiopia's participation will enable financial institutions in the country to connect to the PAPSS network and take part in cross-border payments with institutions across Africa. The announcement was made by Dr. Eyob Tekalign, Governor of the National Bank of Ethiopia, and Mike Ogbalu III, Chief Executive Officer of PAPSS, during the second edition of COWRY in Addis Ababa.

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