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The Pan-African Payment and Settlement System (PAPSS) is a Pan-African real-time gross settlement (RTGS) infrastructure for cross-border payments in distinct local currencies. It was publicly launched on January 13, 2022 [ 1] by the African Union (AU) and the African Export-Import Bank (Afreximbank) to compliment trading under the African ...
Hisense Industrial Park in South Africa is a Hisense South African production base will manufacture televisions and white goods. [ 58 ] Hisense Information Industrial Park was created in 2001 [ 59 ] and in Qingdao , Shandong , [ 60 ] this industrial park is on 80 hectares of land. [ 39 ]
M-PESA ( M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. [ 1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia .
BankservAfrica is an automated clearing house located in Johannesburg, South Africa, serving both national and pan-African transactions. [ 1][ 2] It annually processes a significant volume of transactions, encompassing various sectors such as banking, corporates, government, and retail. Its role as Africa's largest automated payments clearing ...
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An automated clearing house ( ACH) is a computer-based electronic network for processing transactions, [ 1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits. [ 2][ 3] The ACH system is designed to process batches of payments containing numerous transactions ...
The South African Social Security Agency ( SASSA) is a national agency of the South African government created in April 2005 to administer South Africa's social security system, including by distributing social grants, on behalf of the Department of Social Development (DSD). It is under the oversight, but not the operational control, of DSD and ...