The Publicist Writer

The Publicist Writer

KCB Group and Bank of Kigali launch Pan-African Payment and Settlement System (PAPSS), enabling seamless and affordable cross-border payments across Africa

Image on the left: Mr. Paul Russo, Group Managing Director of KCB; Mr. Mike Ogbalu, CEO of PAPSS; Hon. Lee Kinyanjui, Cabinet Secretary Ministry of Investments, Trade and Industry, during the KCB launch event of PAPSS in Nairobi on 27th of February. Image on the right: Mr. Mike Ogbalu, CEO of PAPSS and Dr. Diane Karusisi, CEO of Bank of Kigali, during the Bank of Kigali launch event of PAPSS in Kigali on the 26th of February

With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies The Pan-African Payment and Settlement System (PAPSS), launched by African Export-Import Bank (Afreximbank) in collaboration with the…