Dar es Salaam. The East African Community (EAC) has taken a major step toward financial integration by approving a landmark Cross-border Payment System Masterplan—an ambitious five-year initiative aimed at making regional transactions faster, cheaper, and more secure.
Endorsed during the 28th Ordinary Meeting of the EAC Monetary Affairs Committee (MAC) in May 2025, the blueprint seeks to eliminate one of the biggest hurdles to regional trade: inefficient and costly cross-border payments.
