Pesalink and Papss Unlock Cross-Border Payments in Local Currencies in Kenya
The partnership connects 80+ Kenyan Pesalink participants to 160+ PAPSS banks, reducing costs and correspondent banking reliance, enabling instant local-currency cross-border payments.
10 Articles
10 Articles
Pesalink and Papss Unlock Cross-Border Payments in Local Currencies in Kenya
Instant 24/7 bank-to-bank transfers across African borders in local currencies Simpler cross-border payments for individuals, businesses, and SMEs 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks
Pesalink, Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Kenya
Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration. The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements an…
PRESS RELEASE | Pesalink and Pan-African Payment and Settlement System (PAPSS) to Unlock Cross-Border Payments in Local Currencies in Kenya
Pesalink, Kenya’s de facto instant payments network, has entered into a partnership with the Pan-African Payment and Settlement System (PAPSS) to improve cross-border payments and accelerate regional financial integration. The agreement enables instant, 24/7 cross-border payments from PAPSS participants into banks and mobile money operators on the Pesalink network in Kenya, with all transactions settled in local currencies (the Kenyan Shilling K…
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