Bank of Ghana pilots digital cross-border payments with Rwanda, Nigeria

By Francis Ntow GNA Special Correspondent, Bangkok /Bangkok, Oct 13, GNA – The Bank of Ghana is testing cross-border interoperability using central bank digital currencies, stablecoins, bank accounts and mobile wallets.

The central bank has also extended the Pan-African Payment and Settlement System, (PAPSS) to mobile wallets in the Ghana–Nigeria corridor, marking a shift from bank-only settlement to inclusion of mobile money.

The Central Bank Governor said with mobile wallets were dominant in both Ghana and Nigeria, and Rwanda becoming a key partner for regulatory innovation, the partnership between Ghana, Rwanda and Nigeria was strategically important.