Access Bank Launches Zero-Fee Campaign for Cross-Border Trade

Access Bank PLC has initiated a zero-fee outbound campaign aimed at enhancing cross-border trade and remittance flows within Africa. This campaign, which runs from February 1 to April 30, 2026, is designed to encourage customers in Nigeria to utilize the Pan African Payment Settlement System (PAPSS).

Customers can send money in Naira to beneficiaries in various African countries, who will receive the funds in their local currencies without incurring outbound transfer costs. Aminat Olatunji, the unit head of remittances at Access Bank, emphasized that the initiative seeks to eliminate the financial barriers associated with traditional cross-border payments.

The campaign is expected to benefit individuals, families, students, and small to medium-sized enterprises (SMEs) engaged in intra-African trade. By facilitating secure, real-time transfers without reliance on foreign currencies, the initiative aims to deepen Africa's financial integration and support the African Continental Free Trade Area (AfCFTA) framework.