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Evasive single payment platform slows down continental business
Truck drivers wait near their parked vehicles at the Namanga one stop border crossing point between Kenya and Tanzania in Namanga, Kenya on May 12, 2020.
The lack of a singular payment platform has slowed down growth in regional business as intra-continental trade in Africa sets off to a slow start despite the 2019 charter liberalising commerce between countries.
Analysts at Standard Chartered say different markets have adopted diverse payment systems, retaining bottlenecks on cross-border payments.
