De-dollarisation: African nations launch PAPSSCARD.

[Fiatless]

For a long time, African nations have relied on International payment systems like SWIFT to engage in financial transactions. This has led to high cost of transaction fees and limited control over data. These Western financial systems could also be seen as agents of neocolonialism.  

Recently, African nations through Afreximbank, the Pan-African Payment and Settlement System (PAPSS), and Mercury Payment Services (MPS) have established PAPSSCARD to drive trade integration and boost financial inclusion across Africa.

With this payment system, Africans can not engage in financial transactions with local currencies. This will reduce the cost of transactions and give Africans full control over their financial data.

Instead of travelling to any African country with the dollar,  just hold your PAPSSCARD and you will have a smooth business trip.


https://nairametrics.com/2025/07/01/african-countries-launch-continental-payment-card-papsscard-to-strengthen-trade-integration/

[Cryptoprincess101]

Already i know that a time will come when the dollars will start losing its value due to countries finding alternative means of transacting with one another without having to make use of the dollars. The Americans have manipulated us too much to continue using the dollars in intercontinental transactions when they would have just proffered a means of payment that will be easier for African countries. African Nations are getting wise now as they are trying to break out of the America slavery called the dollars. Though de-dollarization will not happen since we still need the dollars for international transactions, but it is good to reduce the relevance of the dollars because it will also help local currencies to gain strength against the US dollars.

[DPHOR]

This is a good moved by the Africans over the Americans, but how strong do you think this would be over a period of time and how the you believe on this PAPSSCARD to stand stronger without even involving the dollar?
As we know Many African countries are getting used with the dollar payment system and even if there is an integration or an alternative to that how sure are you that the African would make a bold steps to stick by it to make strong and effective than just turning over using the dollar. Well, I just hope this De-dollarization stand strongly and firmly.

[Fiatless]

This is a good moved by the Africans over the Americans, but how strong do you think this would be over a period of time and how the you believe on this PAPSSCARD to stand stronger without even involving the dollar?
As we know Many African countries are getting used with the dollar payment system and even if there is an integration or an alternative to that how sure are you that the African would make a bold steps to stick by it to make strong and effective than just turning over using the dollar. Well, I just hope this De-dollarization stand strongly and firmly.

Your reservations about this project are worthwhile. Both from my view the biggest impediment might be sabotage by African nations due to external influence.  Many African countries are under strong neo-colonial control. This has been the reason why African cannot have common economic and political position. Some African countries will reject the use PAPSSCARD and insist on using dollar for financial transactions.