Johannesburg, S. Africa — With cross-border payments still facing obstacles in sub-Saharan Africa, experts and industry practitioners have voiced hope that the attention the issue received at the G20 summit in South Africa will translate into practical reforms. “We need simplified and harmonized regulations that keep up with technology. That would make transactions faster, cheaper…
The Lagos Chamber of Commerce and Industry (LCCI) has declared that Kenya and Nigeria is collaborating intentionally to develop cross-border production networks, industrial corridors, and investment partnerships that would reflect both countries strengths. This declaration was made yesterday by the President of LCCI, Mr. Gabriel Idahosa, during the first “Kenya-Nigeria Trade and Investment Conference” that…
PAPSS, developed by the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables instant, low-cost payments in local currencies between African countries. FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is thrilled to announce the successful integration of the Pan-African Payment and Settlement…
Emanuela Saccarola. Image: LinkedIn The successful modernisation of a country’s domestic payments infrastructure onto faster, instant payment rails like South Africa’s PayShap does not always translate into similar success in the cross-border payments space – and regulation is often a bottleneck. Speaking to TechCentral in an interview on Wednesday, Emanuela Saccarola, head of global cross-border…
The threat of a terrorist blockade of Mali’s Kayes and Nioro towns would be disastrous for all three countries. Western Mali, bordering Mauritania and Senegal, is increasingly a target for terrorist attacks. Given the strategic importance of this area for the three countries’ economies and security, strengthened cooperation is essential to curb the growing threat….
TLDR Africa has launched its first pan-African payment card system, PAPSSCARD, aiming to cut dependence on foreign card networks The PAPSSCARD is a joint venture by Afreximbank, the Pan-African Payment and Settlement System (PAPSS), and Mercury Payment Services (MPS) PAPSSCARD will be usable across national borders, reducing the cost of intra-African trade and payment transactions…
Sybrin’s Payments Hub addresses legacy limitations. As Africa continues to accelerate its digital transformation agenda, Sybrin reaffirms its commitment to supporting financial institutions in simplifying and securing cross-border payments. With its Payments Hub and integration expertise, Sybrin enables seamless access to real-time, low-value cross-border payment networks across the Southern African Development Community (SADC) and beyond….
