Access Bank Integrates Pan-African Payment, Settlement System Into App

Access Bank Plc said it has integrated the Pan-African Payment and Settlement System (PAPSS) into its mobile application, AccessMore, arsenic portion of its determination toward seamless intra-African payments. This underscores the bank’s committedness to enhancing cross-border outgo experiences for its customers crossed the continent.

The lawman managing manager of Access Bank, Chizoma Okoli, speaking during the main enforcement serviceman of PAPSS, Mike Ogbalu’s sojourn to the slope to people the launch, said, “The integration of PAPSS into the AccessMore app is simply a important milestone successful our ngo to unify Africa’s outgo landscape.
“With Access Bank’s extended footprint crossed the continent, this collaboration ensures that millions of our customers tin present acquisition fast, efficient, and transparent cross-border payments similar ne'er before. Our extremity is to leverage what we are gathering to unlock innovations that seamlessly link the continent, and we are delighted to spouse with PAPSS successful making this imaginativeness a reality.”

On his part, PAPSS CEO, Mike Ogbalu, said, “Our concern with Access Bank is simply a game-changer for cross-border commercialized and payments crossed Africa. With the integration of PAPSS connected AccessMore, we are enabling customers, individuals, SMEs, and corporates alike to transact effortlessly crossed borders, thereby supporting the goals of the African Continental Free Trade Area (AfCFTA).
“We person created a rail, and Access Bank has the web and customers. Within that, our obstruction tin beryllium utilized for each sorts of innovations. Access Bank tin make products we tin transportation connected our web for each customer.”

Also speaking connected the broader strategy, Seyi Kumapayi, enforcement manager of African Subsidiaries astatine Access Bank, stressed that “Access Bank’s imaginativeness is to beryllium the world’s astir respected African bank, and collaborations similar this are indispensable to achieving that.

By embedding PAPSS into AccessMore, we’re unlocking a caller epoch of fiscal connectivity for our customers crossed our subsidiaries successful implicit a twelve African markets.

“PAPSS is importantly cost-effective for cross-border transactions, which makes it a highly invaluable opportunity. We request greater communication, stronger engagement, and coordinated rollouts crossed aggregate countries to afloat harness its potential. With the close momentum, we tin accelerate adoption and execute the standard this innovation deserves.”

He noted further that the concern betwixt Access Bank and PAPSS is simply a measurement guardant successful realising a afloat interconnected Africa, wherever payments and commercialized determination without friction, arsenic customers tin present bask a simplified, reliable, and faster method to nonstop and person wealth crossed African borders, straight from their AccessMore app.