Skip to main content

Advanced Search

Projected result for your current search: 0

Search Operators:

You can use operators in your search query to narrow down your results even more. Click on the search operator to see an explanation of how it works.
Finds documents with exactly this word group, in exactly this word order and spelling (e.g. "employer branding").
Finds documents with both search terms (e.g. sales AND bonus).
Finds documents with one or the other search term (e.g. porsche OR volkswagen).
Finds documents with all search terms. Blank space is understood as AND (e.g. man robot production).
Finds documents with no appearance of the word behind NOT (e.g. ford NOT "harrison ford").
Finds documents where the search term is mentioned at least "n" times."n" may be any number (e.g. COUNT(gear)>8).
Finds documents with both search terms in any word order, permitting "n" words as a maximum distance between them. Best choose between 15 and 30 (e.g. NEAR(recruit, professionals, 20)).
Finds documents with the search term in word versions or composites. The asterisk * marks whether you wish them BEFORE, BEHIND, or BEFORE and BEHIND the search term (e.g. lightweight*, *lightweight, *lightweight*).
Finds documents with the search term in different spellings. "?" allows only one character (e.g. organi?ation).
Special characters are understood as AND (e.g. Miller Bros. & Sons).

Semantic Search

powered by (Link opens in a new window)
loading …
Log in
Top

The (F)Law Behind the Pan-African Online Payment System

  • 2025
  • OriginalPaper
  • Chapter
Published in:
Author
Dunia P. Zongwe
Published in
Law and Policy of the African Continental Free Trade Area (AfCFTA)
Publisher
Springer Nature Switzerland

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

The chapter delves into the recently launched Pan-African Payment and Settlement System (PAPSS), initiated by the African Export-Import Bank (Afreximbank) to facilitate online transactions in local currencies across the African Continental Free Trade Area (AfCFTA). It examines the legal and technological framework of PAPSS, highlighting its potential to reduce transaction costs and exchange rate risks while increasing intra-African trade. The chapter also explores the challenges posed by the lack of a clear legal framework, the vulnerabilities of centralized payment systems to cybercrimes, and the need for a robust dispute resolution mechanism. It compares PAPSS with other regional payment systems like the SADC Integrated Regional Electronic Settlement System (SIRESS) and the Common Market for Eastern and Southern Africa (COMESA) Regional Payment and Settlement System (REPSS), offering recommendations for its improvement. The chapter concludes by emphasizing the importance of enacting a comprehensive legal framework for PAPSS to ensure its stability, sustainability, and integrity, ultimately contributing to the realization of the AfCFTA's goals and the broader ideals of pan-Africanism.
AI Generated

This summary of the content was generated with the help of AI.

I thank the participants for their questions, comments, and suggestions at the Zimbabwe Chapter of the Federation of African Law Students (FALAS) on May 25th, 2023; at Midlands State University in Zimbabwe on February 21st, 2022; and at the Institute for African Development (IAD) at Cornell University in the United States on February 17th, 2022, where I presented earlier drafts of this chapter remotely.

Already a customer? Then log in here to gain access.

Customer login

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Business + Economics & Engineering + Technology"

Online-Abonnement

Springer Professional "Business + Economics & Engineering + Technology" gives you access to:

  • more than 130.000 books
  • more than 540 journals

from the following subject areas:

  • Automotive
  • Construction + Real Estate
  • Business IT + Informatics
  • Electrical Engineering + Electronics
  • Energy + Sustainability
  • Finance + Banking
  • Management + Leadership
  • Marketing + Sales
  • Mechanical Engineering + Materials
  • Surfaces + Materials Technology
  • Insurance + Risk


Secure your knowledge advantage now!

inform now

Springer Professional "Business + Economics"

Online-Abonnement

Springer Professional "Business + Economics" gives you access to:

  • more than 100.000 books
  • more than 340 journals

from the following specialised fileds:

  • Construction + Real Estate
  • Business IT + Informatics
  • Finance + Banking
  • Management + Leadership
  • Marketing + Sales
  • Insurance + Risk



Secure your knowledge advantage now!

inform now

For explorers: Get to know our platforms better with a free registration.

Register for free
previous chapter Developing the Africa Continental Free Trade Area Through the Banking Industry: A Law and Economics Perspective
next chapter The Causes and Effects of Poor Customs Administration on the Successful Implementation of the African Continental Free Trade Area Agreement (AfCFTA): The Need to Digitalise Customs Procedures in Africa
Title
The (F)Law Behind the Pan-African Online Payment System
Author
Dunia P. Zongwe
Copyright Year
2025
Book
Law and Policy of the African Continental Free Trade Area (AfCFTA)

Print ISBN: 978-3-032-01121-3

Electronic ISBN: 978-3-032-01122-0

Copyright Year: 2025

DOI
https://doi.org/10.1007/978-3-032-01122-0_10
This content is only visible if you are logged in and have the appropriate permissions.
This content is only visible if you are logged in and have the appropriate permissions.

Premium Partner

    Image Credits
    Schmalkalden/© Schmalkalden, NTT Data/© NTT Data, Verlagsgruppe Beltz/© Verlagsgruppe Beltz, EGYM Wellpass GmbH/© EGYM Wellpass GmbH, rku.it GmbH/© rku.it GmbH, zfm/© zfm, ibo Software GmbH/© ibo Software GmbH, Sovero/© Sovero, Axians Infoma GmbH/© Axians Infoma GmbH, OEDIV KG/© OEDIV KG, Rundstedt & Partner GmbH/© Rundstedt & Partner GmbH