FirstBank Integrates PAPSS into LIT App for Instant Cross-Border Payments in Africa
FirstBank, a leading financial institution in West Africa, has integrated the Pan African Payment Settlement System (PAPSS) into its award-winning digital banking platform, LIT App. This milestone enables customers to make instant and secure cross-border payments in local currencies across Africa.
PAPSS, initiated by the African Export-Import Bank (Afreximbank) in partnership with the African Union (AU) and AFCFTA Secretariat, aims to facilitate real-time, low-cost transactions in local currencies among African nations. The integration underscores FirstBank's commitment to delivering customer-focused innovations and simplifying financial transactions while expanding access to seamless cross-border payment services across the continent.
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