Pesalink and PAPSS Unlock Cross-Border Payments in Local Currencies 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 and reliance on foreign reserve currencies.Read More