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Wednesday, 17 December 2014

Rwanda connects to speedy regional payments system

Rwanda became the fourth country in the region to go live on the East African Payments System (EAPS) which the government believes is going to ease and speed up doing business for Rwandans in the region.EAPS is a Real Time Gross Settlement System (RTGS) in the region and a multicurrency system in which payments are carried out using any currency of the EAC partner states. It is part of the EAC Payment modernization efforts spearheaded by EAC Central Bank Governors.

Source: busiweek.com