The PAPSS Cowry platform has officially debuted with a clear mission to define payments in Africa in a distinctly African way, marking a major step supported by Afreximbank, the African Union and the AfCFTA.
The launch in Lagos signalled a new phase in the continent’s payment evolution, with PAPSS CEO Mike Ogbalu emphasising that Africans must be able to shape, control and direct their own payment systems.
He described the Cowry platform as a space created to network, share ideas and co-create payment solutions that speak directly to African realities, noting that 160 commercial banks, 19 countries, 15 switches and five fintechs have already adopted PAPSS.
