The continent is finally taking control of its own money. Here's why you should care. Picture this: You're a small business owner in Lagos trying to pay your supplier in Nairobi. Under the old system, your money would take a bizarre journey. First, it converts to US dollars. Then it bounces through correspondent banks in New York or London, racking up fees at every stop. Days later, your supplier finally receives Kenyan shillings—minus a chunk lost to conversion fees and intermediary charges. The whole process is slow, expensive, and frankly, ridiculous. But there's a new player in town that's flipping this colonial-era system on its head: the Pan-African Payment and Settlement System, or PAPSS. What Exactly Is PAPSS? Launched on January 13, 2022, by the African Union and the African Export-Import Bank (Afreximbank), PAPSS is Africa's answer to a problem we've tolerated for far too long. According to reports from the system's official communications, it...