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Reuters

Reuters

World

World

African payments system PAPSS plans to launch FX market platform this year

Reuters
Summary
Nutrition label

83% Informative

Pan-African Payments and Settlement System (PAPSS) is piloting an African currency market platform.

The platform will allow parties to exchange local currencies directly, CEO Mike Ogbalu said.

Africa 's foreign exchange markets are often shallow and liquidity is limited, with South Africa and Nigeria dominating.

VR Score

93

Informative language

98

Neutral language

84

Article tone

formal

Language

English

Language complexity

67

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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