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Sunday, August 02, 2026

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KCB Group and Bank of Kigali Launch PAPSS, Enabling Seamless and Affordable Cross-border Payments Across Africa

March 6 2025

The Pan-African Payment and Settlement System (PAPSS), launched by African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has recorded a significant milestone in its journey towards enhancing financial integration and economic prosperity across Africa with the official launch of the platform by KCB Group in Kenya and Bank of Kigali in Rwanda.