Connect with us

business

Africa Launches PAPSSCARD to Transform Cross-Border Transactions

Published

on

Africa Launches PAPSSCARD to Redefine Continental Payment Systems

Africa has taken a significant leap toward financial autonomy with the introduction of PAPSSCARD—a pioneering continental card solution aimed at simplifying and securing cross-border payments using domestic currencies. The project stems from a collaboration among the African Export-Import Bank (Afreximbank), the Pan-African Payment and Settlement System (PAPSS), and Mercury Payment Services (MPS).

During the unveiling in Abuja, Afreximbank’s President, Professor Benedict Oramah, hailed the initiative as revolutionary. He highlighted how Africa’s historical reliance on foreign financial platforms has inflated costs, delayed transactions, and compromised data sovereignty. PAPSSCARD, he noted, enables swift, secure, and cost-effective money transfers across African borders, helping to strengthen trade within the continent and retain economic value locally.

Traditionally, African companies have depended on foreign banks to handle international payments-an approach that is inefficient and expensive. Experts have long argued this is one of the reasons intra-African trade remains minimal.

This new card system aligns with the objectives of the African Continental Free Trade Area (AfCFTA), launched in 2022, which aims to harmonize regional commerce. PAPSS has since been building the payment infrastructure to enable smooth currency transactions between African nations.

The implementation of PAPSSCARD involves cooperation with financial regulators and technology partners continent-wide. Key partnerships include Bank of Kigali, I&M Bank Rwanda, Rswitch, and Unified Payments-all of which will play critical roles in its distribution.

Mercury’s Executive Chairman, Muzaffer Khokhar, described the card as a symbol of Africa’s drive for independence and innovation. Designed for Africans by Africans, PAPSSCARD is positioned to become the continent’s preferred payment method.

In Nigeria, its debut introduces fresh competition to the local card market. The Central Bank of Nigeria’s AfriGO card system has gained traction, backed by collaborations with digital payment firms like OPay and Moniepoint. Banks including Sterling Bank and Access Bank have also adopted AfriGO.

As the deployment of PAPSSCARD accelerates, it is set to be a cornerstone in realizing AfCFTA’s vision-streamlining African trade and revolutionizing how nations on the continent conduct business with each other.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

business

Discover Life-Changing Digital Products You Can Buy Today on Selar

Published

on

In today’s world, knowledge is power—and the people who succeed are those who invest in themselves. Whether it’s learning a new skill, starting a side hustle, improving your finances, or building a healthier lifestyle, the right digital product can open doors to opportunities you never imagined.

That’s why millions of smart people across Africa and beyond are turning to Selar, one of the biggest marketplaces for digital products—from ebooks, online courses, masterclasses, templates, to business blueprints and more.

Why You Need These Digital Products

  1. Instant Access – No waiting, no shipping. Buy now and start learning or applying immediately.
  2. Affordable Investment – Instead of spending years figuring things out, you can learn from experts who’ve already succeeded.
  3. Proven Results – These products are created by professionals who have tested strategies and methods that actually work.
  4. Lifetime Value – Once you purchase, you can always come back, re-learn, and apply the knowledge again and again.

Who Can Benefit from These Products?

  • Business owners who want to grow sales, attract more customers, and scale faster.
  • Students and young professionals looking to learn in-demand skills like digital marketing, UI/UX, forex, or freelancing.
  • Entrepreneurs searching for side hustle opportunities to increase income.
  • Anyone who wants to improve in health, wealth, and personal development.

How to Get Started

  1. Choose a Product Below – I have carefully selected high-value digital products that have helped thousands of people.
  2. Click the Link – Each product has a direct link to purchase securely through Selar.
  3. Start Learning & Applying – You’ll receive instant access so you can begin right away.

Recommended Digital Products You Should Buy Today

(This is where you will list your affiliate product links with a short description for each, for example:)

  • Digital Marketing made Simple

https://selar.com/p/19b4zi?affiliate=8fpr

  • Affiliate Marketing Simplified

https://selar.com/p/323311?affiliate=emzc

  • Rare Easiest Affiliate Marketing Blueprint (REAMB)

https://selar.com/p/1482w7?affiliate=n3bz

  • The Top Level Video Editing Masterclass

https://selar.com/p/8yi8?affiliate=9agp

  • Crypto Profit Kit

https://selar.com/p/ejtf?affiliate=kjn7

  • Beginners and Advanced Crypto

http://Womenincrypto.selar.com/oqgd?affiliate=9cjc

  • Mini Beginners Course to Invest in Crypto Currency

https://selar.com/p/jsn1?affiliate=8lyn

  • Online IELTS Training PRO Edition (2022-)

https://selar.com/p/9v47?affiliate=rodi

  • Ghostwriting Income Generator

http://dangig.selar.com/qelh?affiliate=gxd5

  • Ghostwriting Income Network

http://coachannieg.selar.com/1m51b8468h?affiliate=mivc

  • Ghostwriting Money Magnet(GMM)

http://olaleregmm.selar.com/g84813?affiliate=3646

  • 7 Figure Meta Ads Academy

https://selar.com/p/6h15b7?affiliate=ccze

  • Simplified Online Survey Guide (GET PAY IN POUNDS)

https://selar.com/p/7210p5?affiliate=mwt8

  • Affiliate of Affiliate Marketing Sales Secret (AMSS)

http://victornathel.selar.com/k4gk?affiliate=iqxg

  • Life Of Options Program (LOOP)

https://selar.com/p/yotn?affiliate=co2u

  • Profitable Freelancing Academy

https://selar.com/p/4163r7?affiliate=s8ba

  • Mobile Videography Course: Learn How to Create Quality Videos with your Phone

https://selar.com/p/k7xi?affiliate=tpwp

  • Trade Like TONYSNIP3R

https://selar.com/p/i02p3k?affiliate=s25x

Final Thoughts

Investing in the right digital products can transform your life, career, and finances. Instead of wasting years trying to figure things out, you can leverage the experience of experts and start seeing results immediately.

Take action today by choosing from the products above. Each one is designed to equip you with skills, knowledge, and opportunities that will pay off for years to come.

Continue Reading

business

We are Hiring: Social Media Growth Ambassadors (2 Positions)

Published

on

Remote | Part-Time or Flexible Hours

Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!

Role Overview:

We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.

Key Responsibilities:

  • Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X

  • Share daily job updates, business news, and smart money tips from the website

  • Drive website traffic using content, trends, reels, and referral links

  • Respond to DMs/comments and convert viewers into website visitors

  • Provide weekly reports on reach, impressions, and traffic performance

What You’ll Need:

  • A strong presence on social media (min. 2,500 followers on at least one platform)

  • Great communication skills and social media creativity

  • Consistency and accountability

  • Passion for helping people grow their careers or income

What You’ll Get:

  • Monthly stipend + performance-based bonus

  • Opportunity to grow your personal brand with us

  • Free digital training + content materials

  • Certificate of Digital Advocacy (upon successful campaign)

How to Apply:

Send us a message with:

  1. Your full name

  2. Link to your active social media profiles

  3. Short message on why you are the perfect fit

  4. Screenshot of your past engaging post (if available)

Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025

Continue Reading

business

NEXIM Bank and SMEDAN Partner to Strengthen SME Export Capacity Nationwide

Published

on

NEXIM Bank and SMEDAN Sign Landmark MoU to Boost SME Export Growth in Nigeria

In a bold move to strengthen Nigeria’s small business ecosystem, the Nigerian Export-Import Bank (NEXIM) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at accelerating the growth and global competitiveness of Small and Medium Enterprises (SMEs) across the country.

 A Strategic Partnership for Economic Transformation

This MoU formalizes a strategic alliance between NEXIM and SMEDAN, focusing on:

  • Export financing and access to global markets

  • Tailored financial products for SMEs

  • Capacity-building and training programs

  • Promotion of Made-in-Nigeria products internationally

The collaboration is expected to streamline trade facilitation and offer Nigerian SMEs the tools and support needed to thrive in international value chains.

 Empowering SMEs for Global Competitiveness

Speaking at the signing ceremony, Abba Bello, Managing Director/CEO of NEXIM Bank, emphasized the significance of this partnership in preparing Nigerian SMEs to compete globally, particularly under the African Continental Free Trade Agreement (AfCFTA).

“This collaboration with SMEDAN is a critical step in our mission to empower Nigerian SMEs. By combining our financial instruments with SMEDAN’s development expertise, we are creating a robust support framework that enables small businesses to scale and succeed in export markets,” Bello said.

 Removing Barriers and Unlocking Opportunities

On his part, Charles Odii, Director-General of SMEDAN, noted that the agreement will help eliminate major hurdles that have long hindered SMEs from tapping into international markets.

“Our goal is to ensure Nigerian SMEs have not just the skills but also the financial backing to grow. This MoU with NEXIM Bank paves the way for real participation in global trade,” Odii remarked.

He also outlined key focus areas of the collaboration:

  • Providing export-oriented financing solutions

  • Offering expert training and advisory services

  • Simplifying export processes for MSMEs

🇳🇬 Aligning with Nigeria’s Economic Diversification Agenda

This partnership supports the federal government’s broader vision of economic diversification and inclusive growth, particularly through public-private partnerships that empower micro, small, and medium-sized enterprises (MSMEs).

 About the Agencies

NEXIM Bank, established under Act 38 of 1991, is Nigeria’s official Export Credit Agency, providing financing, risk management, and advisory services to support the development of non-oil exports.

SMEDAN, created by the SMIDA Act of 2003, is the federal government’s leading institution tasked with fostering the growth, sustainability, and global competitiveness of MSMEs across Nigeria.

Continue Reading

Trending