The Pan-African Payment and Settlement System (PAPSS) has emphasised the role of strategic partnerships in shaping a seamless, inclusive and sustainable financial landscape across the continent, and applauded Prudential Bank’s dedication to the course of the platform from inception.
This was after the Chief Executive Officer (CEO) of the PAPSS, Mike Ogbalu III, had led a two-member delegation to pay a courtesy visit to Prudential Bank Limited.
The engagement provided a platform for strategic discussions on collaboration, innovation and the future of Africa’s cross-border payment ecosystem.
This is on account of the fact that Prudential Bank was among the very first adopters of the PAPSS platform in 2022.
“Prudential Bank has been a committed partner on this journey from inception. You have led profound campaigns, especially with your school fees promotions, which have energised other banks to join the platform. We are here to assure you that we are devoted to this relationship for the long haul,” Mr Ogbalu said.
Responding, the acting Managing Director of Prudential Bank, Ebow Quayson, assured the PAPSS Team of re-engineering internal processes to ensure that customers transacted seamlessly on the platform.
“We are working with our Digital Transformation Team to ensure that customers and Ghanaians transact effortlessly on the PAPSS platform.
These include getting them to transact on our Mobile App and other digital platforms.
We are totally committed to this inter-African payment platform given its immense capabilities to facilitate African trade,” he said.
Officials of both entities took turns to update the meeting on progress made in their respective spaces and how both institutions could work to improve transaction performance among others.
A working committee was formed to follow up on all agreed actions.
Delegation
The PAPSS delegation included the Chief Information Officer Ositadimma Ugwu.
The Prudential Team included the Executive Head, Corporate and Institutional Banking, Edward Commey; Executive Head Operations, Felix Awuku; Chief Information Officer, Leopold Armah; Head of Transaction Banking, Zibrim Mohammed; Head of Digital Transformation, Terrance Addy; Head of Government and Strategic Partnerships, Akosua Boahen; Head of Trade Services, Roger Ocansey; Head of Commercial Banking, Frederick Adomako-Ansah, and Head of Business Marketing, Kwaku Nyantekyi.
PAPSS is a platform that enables banks and financial institutions in Africa to send and receive payments across the continent in their local currencies.
It is a digital highway for money to move seamlessly between African countries, reducing reliance on international payment systems, and making cross-border transactions faster and cheaper.
Source:
www.graphic.com.gh
