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EAC to Transform East African Payment System
The central banks in the East African Community shall be exploring ways of transforming the East African Payment System (EAPS) and linking it with other payment solutions on the African continent to enable the seamless transfer of monetary value across the continent at both retail and wholesale levels, Dr. Louis Kasekende, Deputy Governor, Bank of Uganda, has said adding that this should support intra-Africa trade and further support the growth of our commercial enterprises.
The Deputy Governor made the remarks, yesterday, at the launch of the Absa SME Academy 2019, at the Kampala Sheraton Hotel. For details, please see link.
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