PAPSS applauds GCB Bank’s leadership in advancing cross-border payments across Africa

The Pan-African Payment and Settlement System (PAPSS) has commended GCB Bank for its leadership in advancing seamless cross-border payments across Africa, describing the bank as one of the platform’s most strategic partners on the continent.

The meeting also underscored GCB Bank’s strategic role as PAPSS’ designated gateway bank in Ghana under the PAPSS Local Currency Settlement System, an initiative designed to facilitate cross-border payments in local currencies, reduce reliance on foreign exchange and improve settlement efficiency across African markets.

Responding to the commendation, Managing Director of GCB Bank, Farihan Alhassan, reaffirmed the bank’s commitment to supporting initiatives that promote seamless cross-border trade and financial integration across the continent.