27 results
- 28 Jun 2022
Afreximbank Unveils Pan-African Payment and Settlement System
The African Export-Import Bank has created a payment solution platform, Pan-African Payment and Settlement System, to facilitate instant cross-border payments in local African currencies. This is…
- 29 Sept 2021
Afreximbank Launches Pan-African Payment Platform
In furtherance to the take- off of the African Continental Free Trade Area (AfCFTA), African Export-Import Bank (Afreximbank) has launched the pan-African payment and settlement system (PAPSS) to…
- 14 Mar 2023
SEC says PAPSS Implementation will Aid Capital Market Diversification
The Securities and Exchange Commission (SEC) has said that it is excited about the implementation of the Pan-African Payment Settlement System (PAPSS) as it will encourage intra-African trade and aid…
- News26 Aug 2026
Marketplace Africa Examines the Future of African Trade
In the latest episode of CNN’s Marketplace Africa, Victoria Rubadiri speaks with Michael Ogbalu, Chief Executive Officer of the Pan-African Payment and Settlement System (PAPSS), about how the platform is helping to transform cross-border payments and drive trade across Africa.
- 1 May 2024
PAPSS Set for Expansion To Boost Intra-Africa Payments
The Pan African Payment and Settlement System (PAPSS) which was launched to make cross-border transactions seamless, is set to capture more markets in Africa. The plan was disclosed last week by the…
- 3 Feb 2026
Onafriq, PAPSS Launch Wallet-Based Payments Pilot from Nigeria to Ghana
Onafriq Nigeria Payments Ltd, a CBN licenced payment service provider, partners with The Pan-African Payment and Settlement System (PAPSS) to pilot the continent’s first wallet-based outbound…
- 28 Apr 2025
CBN Urges Banks to Source FX for PAPSS Settlement Through NFEM
The Central Bank of Nigeria (CBN) has announced a comprehensive review of documentation requirements for transactions processed through the Pan-African Payment and Settlement System (PAPSS), aimed at…
- 5 Dec 2025
PAPSS Cowry to Benefit Manufacturers, SMEs
Manufacturers and small businesses are set to benefit from a new era of seamless cross-border payments, thanks to the launch of the Pan-African Payment and Settlement System- PAPSS Cowry, a…
- 3 Jun 2025
Union Bank and PAPSS Revolutionize Cross-Border Payments
To deliver simpler, smarter banking solutions, Union Bank of Nigeria has partnered with the Pan-African Payment and Settlement System (PAPSS) network, a Financial Market Infrastructure that provides…
- 20 Jun 2025
Onafriq, PAPSS Roll Out Seamless Cross-Border Payments in Ghana
Onafriq, in collaboration with the Pan-African Payment and Settlement System (PAPSS), announced the launch of a new cross-border payment service that will initially pilot outbound transactions in…
- 14 Jul 2025
Africa Launches PAPSSCARD, First Pan-African Card Scheme
Africa has marked a significant step towards financial independence following the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Professor Benedict Oramah, president and chairman…
- 24 Oct 2025
FirstBank Integrates PAPSS into LIT App for Seamless Cross-Border Payments
FirstBank of Nigeria has announced the integration of the Pan-African Payment and Settlement System (PAPSS) into its digital banking platform, the LIT App, enabling customers to make instant, secure,…
- 17 Feb 2022
MFS Africa Looks to Strengthen PAPSS Backbone
African digital payments network MFS Africa has joined the Pan-African Payment and Settlement System (PAPSS) network, the newly established African cross-border and financial markets infrastructure…
- Financial12 Sept 2026
PAPSS Targets Accelerated Adoption, Transaction Growth as It Expands Network Across Africa
The Pan-African Payment and Settlement System (PAPSS) is preparing to accelerate adoption and transaction growth across Africa as it enters the next phase of its strategy, following significant expansion of its network and strong growth in payment volumes and values.
- 22 Apr 2026
Ecobank in Talks with Bank of China for Direct Yuan Settlement
Ecobank, Pan-African lender, said it is in advanced talks with the Bank of China to set up a direct yuan settlement system by the end of 2026, eliminating the need to use the U.S. dollar as an…
- 25 Jun 2025
AfCFTA Positions Africa to Tap into $712bn Digital Trade Market by 2035
The African Continental Free Trade Area (AfCFTA) is strategically positioning Africa to tap into a $712 billion digital trade market by 2035, leveraging key partnerships and trade-enabling…
- 20 Jul 2025
UBA’s LEO Becomes Africa’s First Chatbot to Enable Cross-Border Payments
United Bank for Africa (UBA) Plc, Africa’s Global Bank, has announced that its Artificial Intelligence chatbot, LEO is now enabled to carry out cross-border payment transactions. Oliver Alawuba,…
- 8 Dec 2025
UBA Wins Africa’s Bank of the Year for Third Time in Five Years
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s most innovative and resilient financial institutions, as the bank has, for…
- 28 Apr 2022
OnePort 365 Secures $5 million Seed Funding to Digitize Freight Management in Africa
OnePort 365, a digital freight forwarding company that makes it easier to move cargo to, from and within Africa, has raised $5 million in seed funding to drive the end-to-end digitisation of freight…
- 4 Dec 2025
Afreximbank Taps Nigeria to Lead Africa’s Digital Trade Revolution
Yemi Kale, Afreximbank’s Group Chief Economist, yesterday said that Nigeria is positioned to drive Africa’s transition into a digitally enabled trade ecosystem, arguing that the country’s demographic…
- 8 Jul 2025
SiBAN Applauds Interstellar’s Groundbreaking Role in Africa’s Blockchain Future
The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) has lauded Interstellar, one of its prominent members, for spearheading a major breakthrough in Africa’s financial technology…
- 14 Aug 2024
Report Predicts Changing Trade Patterns will Enhance Cross-border B2B Payments in Africa
A new report from Duplo, the leading provider of payment, spend, and vendor management solutions for African businesses, is predicting that changing global trade patterns and the emergence of new…
- 5 Jan 2026
Remita Powers over ₦100 Trillion in Payments as Nigeria’s Digital Economy Expands
has reinforced its position as one of the major forces underpinning Nigeria’s payments ecosystem after processing more than ₦100 trillion worth of transactions in 2025, highlighting its expanding…
- 7 Jun 2026
CBN Introduces N100m Fine for Banks Over Forex Documentation Violations
Central Bank of Nigeria (CBN) has introduced a N100 million penalty for banks and other authorised dealers that process foreign exchange transactions without adequate supporting documentation, as…
- 23 Feb 2024
Afreximbank Mulls Currency Trading Platform to Bridge $50bn Intra-Africa Trade Gap
The African Export-Import Bank (Afreximbank) has announced plans to launch its currency trading platform in a bid to bridge the Intra-African trade financing gap estimated at over $50 billion…
- 23 Jul 2026
UBA Wins Nigeria's Best ESG, Retail Bank Awards @ 2026 Euromoney Awards
United Bank for Africa (UBA) Plc has been named Nigeria's Best Bank for Retail Banking and Best Bank for Sustainability Leadership (ESG) at the 2026 Euromoney Awards for Excellence, reinforcing its…
- 29 May 2025
Africa Cross-border Payments Set to Hit $1 trillion by 2035
Africa’s cross-border payments market is on track to hit $1 trillion by 2035, according to a new report by venture capital firm Oui Capital. Titled "Africa’s Cross-Border Payment Landscape—a deep…