The Pan African Payment and Settlement System (PAPSS) is proud to announce the entry of Banque Centrale de Tunisie (BCT) into its network as its thirteenth Central Bank member, further strengthening its commitment to promoting seamless cross-border payment services and enhancing financial integration across the African continent. In 2022, BCT also joined the inter-Arab payment and settlement System (BUNA), in continuation of its commitment to the country’s strategic priorities. “We are thrilled to welcome Banque Centrale de Tunisie as our thirteenth member and first Central Bank in North Africa. With this development, the Tunisian commercial banks can now commence their onboarding process onto the PAPSS system. Additionally, it is anticipated that more central banks will join the platform throughout the current year.

Source: The North Africa Journal February 12, 2024 19:28 UTC