Sterling Bank Launches PAPSS Services to Boost Cross-Border Trade
This collaboration allows Sterling Bank customers to send and receive money across Africa seamlessly and securely using the PAPSS platform.
The Pan-African Payment & Settlement System (PAPSS) has announced that Sterling Bank is now offering PAPSS services across all its branches in Nigeria. The integration is aimed at providing a seamless and secure way for customers to send and receive money across Africa.
With this new offering, customers can conduct transactions in Naira to and from a growing list of African countries, including Ghana, Gambia, Guinea, Liberia, Sierra Leone, Kenya, Rwanda, Zambia, Zimbabwe, Malawi, and Djibouti.
The availability of PAPSS services at Sterling Bank provides several key benefits, such as faster transaction speeds, enhanced security for cross-border payments, and reduced transfer costs. This development is set to streamline financial transactions and support the growth of the digital economy across the continent.
