• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, October 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Stanbic IBTC Supports Digital Solution With First PAPSS Transaction

by Olushola Bello
3 years ago
in Business
Stanbic IBTC
Share on WhatsAppShare on FacebookShare on XTelegram

RELATED NEWS

Schneider Electric Recognised for Excellence in Sustainable Design

Prioritise Nigeria’s Oil Sector Funding, Upstream Regulator Urges Bank of America

After Lagos, Agency Targets Bayelsa, Niger, Others For Clearance Of Water Hyacinth

40 Turkish Firms To Invest In Abia State’s Agriculture, Manufacturing Sectors

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings Plc, hs completed the first outbound and inbound transaction on the Pan-African Payment and Settlement System (PAPSS) platform in Nigeria.
PAPSS, the centralised Financial Market Infrastructure (FMI) that supports payment arrangements with the objective of expanding pan-African trade and driving African Central Bank’s economic and financial integration agenda, was deployed for use in the West African Monetary Zone (WAMZ) in the following countries: Nigeria, the Gambia, Sierra Leone, Liberia, Ghana and Guinea.
The first outbound transaction was completed on September 30, 2022 from Stanbic IBTC Bank to Ghana Commercial Bank (GCB), while the return inbound transaction was completed on October 6, 2022.
The chief executive of Stanbic IBTC Bank, Wole Adeniyi described the transaction as the organisation’s way of supporting intra-African trade while also supporting low-cost and risk-controlled payment, settlement, and clearing systems.
“This is a great opportunity for new and existing clients to take advantage of. The Pan-African Payment and Settlement System will enable interested individuals and businesses make cross border payments, thereby reducing, dependencies on foreign exchange and correspondent banks.

Advertisement

 

--> Join Our WhatsApp Channel


SendShareTweetShare

OTHER NEWS UPDATES

IWD: Female Employees Share Career Journey At Schneider Electric
Business

Schneider Electric Recognised for Excellence in Sustainable Design

7 hours ago
Prioritise Nigeria’s Oil Sector Funding, Upstream Regulator Urges Bank of America
Business

Prioritise Nigeria’s Oil Sector Funding, Upstream Regulator Urges Bank of America

7 hours ago
After Lagos, Agency Targets Bayelsa, Niger, Others For Clearance Of Water Hyacinth
Business

After Lagos, Agency Targets Bayelsa, Niger, Others For Clearance Of Water Hyacinth

8 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

PICTORIAL: Anambra Female Gov’ship Candidate Releases Stunning Campaign Photos To Challenge Patriarchal Biases

12 minutes ago

JUST-IN: ‘Take A Bow’, Senate Confirms Gen. Shaibu As COAS

18 minutes ago

Amaju Pinnick Denies Funds Mismanagement Allegations In Kebbi FIFA Goal Project

34 minutes ago

Edo Gives Ex-Deputy Governor 1 Week Ultimatum To Return Government Property

44 minutes ago

Remi Tinubu Commissions 10 Digital Learning Centres To Empower Nigerian Youths

50 minutes ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.