Prudential Bank activates PAPSS on mobile app for cross-border African payments

Prudential Bank Ltd has activated the Pan African Payment and Settlement System (PAPSS) on its mobile banking app, enabling customers to send and receive cross-border payments across participating African countries at any time."The activation of PAPSS on our Mobile App is a major step in supporting intra-African trade and enhancing retail payment convenience.

The platform facilitates instant cross-border payments in local currencies, with the aim of reducing reliance on hard currencies and supporting trade across Africa.