The Bank of Tanzania (BoT) announced that the East African Payment System (EAPS) has started operating and will enhance cross border payments and boost trade within the region. The BoT governor, Prof Benno Ndulu, said in a statement issued by the Bank in Dar es Salaam that the EAPS was part of modernisation efforts of
According to a report in the Nigerian Tribune The Central Bank of Nigeria has improved the Nigerian payment system with the introduction of a new Real time Gross Settlement System (RTGS) and integrated with a Scripless Securities Settlement System ( SSSS). The new systems were produced by CMA, a Swedish company which has implemented similar
Tanzania Ports Authority (TPA) has automated its billing and payment system, a move that seeks to improve revenue collections and transform the authority’s operations to paperless. According to TPA’s Acting Director of Information and Communication Technology, Phares Magesa, the electronic payment system that has started with CRDB bank, will in the next two weeks, be
