Pan African Payments System: Are we ready as SADC & startups?

The Pan African Payments and Settlement System (PAPPS) is something that has been making the rounds for the longest time and rightly so because, if it works, it will change the way the continent transacts. What I mean by this is that the customer base of the "local" startup will now have continent-wide reach (hypothetically).

So if you were building your product to work with only your local market in mind, you might have to rethink your strategy. But on the other hand, and in the same breath, it might be something that you might not have to worry about for some time but I'll explain more about this in a little bit.

We first need to start by understanding what the Pan African Payments and Settlement System is.

Money across the content, and sometimes even instantly!

Imagine having an e-commerce startup in Zambia, for example, and you are able to receive payments from customers in The Ivory Coast. Sounds like wishful thinking right? Because the payments integrations that would be needed to make that feat happen right now will have any dev or CEO huddled up in a corner begging for it all to end.