Polaris Bank recently announced its onboarding into the Pan-African Payment and Settlement System to assist in easing cross-border trade and payments for its existing and potential customers.
This milestone was revealed in a statement on Monday by the bank. PAPPS is a cross-border financial infrastructure developed by the African Export and Import Bank.
Discussing the digital payment gateway, Polaris Bank’s Group Head, Global Trade Business, Ayo Adesanya, said the launch of PAPPS underscores the bank’s commitment to leveraging innovative solutions to simplify processes for customers.
Ayo Adesanya also added that PAPPS is embedded with different unique key features and delivers immense benefits for the bank’s current customers and prospects.
These features include seamless transaction management, meaning merchants and those involved in regional trade can now initiate and track cross-border payments within a single, user-friendly platform.
Read more: https://www.investingport.com/polaris-bank-joins-papps-to-ease-cross-border-trade-and-payments/