Access Bank Champions Africa’s Payment Integration, Stresses Importance of PAPSS
Access Bank showcased leadership in advancing cross-border payments at the inaugural Pan-African Payment and Settlement System (PAPSS) COWRY 2025 Participants Forum, held in Lagos, Nigeria.
The event brought together policymakers, regulators, financial institutions, and payment experts to explore pathways toward “Building an interoperable and sovereign African payment ecosystem for trade and economic growth.”
In alignment with the theme, discussions emphasised the importance of resilient, interoperable, and sovereign African payment infrastructure that empowers businesses, supports SMEs, and strengthens intra-African trade under the AfCFTA.
Designed to facilitate instant, secure, and efficient cross-border transactions in local African currencies, PAPSS reduces dependency on third-party currencies, enhances settlement efficiency, and promotes regional economic integration.
Access Bank, through its AccessAfrica initiative, plays a leading role in this evolution. AccessAfrica enables fast, secure, and affordable payments across more than 20 African corridors. During the forum, Access Bank representatives Naco Bolote,
Head of International Remittance & Paymentsfor African Subsidiaries and Aminat Olatunji, Unit Head of Remittances actively contributed to conversations on the emerging settlement landscape and the future of continental financial integration.
