Africa Pays Africa: How FirstBank is powering borderless banking with PAPSS
That efficiency is the promise of the Pan-African Payment and Settlement System (PAPSS). PAPSS was built for one reason: to let Africa settle its own trade in its own currencies. It now connects 28 African countries including Nigeria, Ghana and Sierra Leone to Kenya, Rwanda, Zambia and Zimbabwe.
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That efficiency is the promise of the Pan-African Payment and Settlement System (PAPSS). PAPSS was built for one reason: to let Africa settle its own trade in its own currencies. It now connects 28 African countries including Nigeria, Ghana and Sierra Leone to Kenya, Rwanda, Zambia and Zimbabwe.
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About this article
- Length
- 48 words · 1 min read
- Published
- October 31, 2026
- Byline
- Kazeem Ugbodaga
- Source
- PM News Nigeria