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PAPSSCARD: Africa Takes a Bold Step Toward Financial Freedom

Published 6 hours ago2 minute read

That vision came to life in Abuja, as Africa launched its very first — the .

At the grand gathering of the , beneath the bright lights and hopeful eyes, leaders, innovators, and visionaries unveiled what might become one of the most transformative tools in Africa’s financial future.

For decades, every swipe and click made by African consumers silently traveled through foreign lands — through global payment systems that charged high fees and siphoned away control. But now, , one transaction at a time.

At its core, is more than plastic and chips. It’s a symbol of sovereignty.

Created by , in partnership with (Pan-African Payment and Settlement System) and , this card will allow — all while keeping value, data, and control right here on the continent.

Until now, most African card transactions had to pass through systems based in Europe or America, incurring unnecessary charges, delays, and data vulnerabilities.

But PAPSSCARD is different.

It’s processed entirely within Africa.
It speaks the financial language of the continent.
And it’s designed for how .

“This card is about more than money. It’s about autonomy,” said , President of Afreximbank.
“It will power intra-African trade and protect the economic dignity of our people.”

From the boardroom to the marketplace, leaders across sectors echoed the sentiment:

The pilot rollout began with issuing banks in Rwanda and Nigeria, and more are joining quickly. Powered by , and others, the system is primed to scale continent-wide.

More than a card, — part of a wider AfCFTA vision to unlock a single African market through integrated trade and digital finance.

In a continent of 1.4 billion people, PAPSSCARD could become the most important card in your wallet —

Africa is no longer waiting to be included.
It is building its own systems.
And this card is just the beginning.


Visit here.

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