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The Asian Banker·3 min read·medium

Southern Africa's regional payment system adds Angolan kwanza as second settlement currency

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Southern Africa's regional payment system adds Angolan kwanza as second settlement currency
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The SADC-RTGS payment system has integrated the Angolan kwanza as a settlement currency to facilitate regional trade. Additionally, Visa and Airwallex have partnered to develop new payment infrastructure for the global freight industry.

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The Southern African Development Community Real-Time Gross Settlement system has added the Angolan kwanza as its second settlement currency and the first since the platform launched in 2013. The change enables direct kwanza settlement across the network, which previously processed transactions only in South African rand.

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Southern Africa's regional payment system adds Angolan kwanza as second settlement currency — Headlinne — headlinne