African financial market infrastructure PAPSS now ISO certified


Share post:

Share this with more people!

The centralized Financial Market Infrastructure that enables the efficient flow of money securely across African borders, Pan-African Payment and Settlement System (PAPSS) is now ISO Certified.

In a press release copied to Ghana Business News, the operators of the system, the African Export-Import Bank, the African Continental Free Trade Area Secretariat and the African Union announced that PAPSS is now ISO 27001 Certified, in commitment to global security standards.

The release indicated that PAPSS was recognized as compliant to ISO27001:2013 standard following an external certification audit, by an accredited certification body that was conducted on June 27, 2022.

It further explained that ISO/IEC 27001 is an international standard on how to manage information security.

“The standard was originally published jointly by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) in 2005 and then revised in 2013. The framework specifies the requirements for establishing, implementing, maintaining, and continually improving an information security management system (ISMS) within the context of the organization. It also includes requirements for the assessment and treatment of information security risks associated with people, processes, and technology aspects to create business value and protect business image and reputation,” the release said.

By Emmanuel K. Dogbevi

Copyright ©2022 by NewsBridge Africa
All rights reserved. This article or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the publisher except for the use of brief quotations in reviews.

Share this with more people!


Please enter your comment!
Please enter your name here


Related articles

Being Latino In The U.S.: A Conversation With Prof. Coury

In August 1988, Congress wrote Hispanic Heritage Month into law starting every year on Sept. 15 and...

Cooper Rush and the greatest UDFA quarterbacks since 2000

Wins and losses are not quarterback stats. Fortunately, that was the only bit of bad luck Tony...

Mass fish deaths in European river blamed on toxic algae

<!-- Mass fish deaths in European river blamed on toxic algae | News Room Odisha ...

AEW content no longer airing on Space in Mexico, South & Central America – WON/F4W

AEW will no longer be airing through broadcaster Space in several countries, including Mexico, South America, and...
English English Somali Somali