Onafriq and PAPSS Launch Cross-Border Payment Service Pilot in Ghana
- Onafriq and PAPSS launched a new cross-border payment service starting with outbound transactions from Ghana.
- The service aims to streamline payments, reduce transaction costs, and enhance access for SMEs and individuals.
- The pilot phase is approved by the Bank of Ghana and will evaluate adoption, transaction flow, and FX performance.
The launch of this cross-border payment service is a significant step towards enhancing economic integration in Africa. By addressing the high costs and opacity of current payment systems, it has the potential to empower SMEs and individuals, fostering greater financial inclusion and economic activity across the continent.
