Mr. Jeremy Awori, Chief Executive Officer of Ecobank Group, and Mr. Mike Ogbalu III, CEO of PAPSS signed the Memorandum of Understanding on June 19, 2023, in Accra, Ghana. Ecobank Group, the leading pan-African banking Group, and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate settlement
OMCs can now track and reconcile transactions easily, increasing their operational efficiency by 50% Tingg by Cellulant In-Store solution is transforming the digital payments space in Ghana by providing Oil Marketing Companies (OMCs) with a single payment collection point across multiple payment options and channels, ensuring real-time settlement. This advancement allows OMCs in the country
The Managing Director of GCB Bank PLC, Mr Kofi Adomakoh, has stressed the need for more collaboration between banks and fintechs. He said fintechs and banks working together, cooperation and collaboration is the future of banking. Speaking at the Money Summit, organized by the Business and Financial Times (B&FT) in Accra, Mr Adomakoh added that
African Export and Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat developed PAPSS, which enables instant cross-border payment in local currency The Pan African Payment and Settlement System (PAPSS) and the African Securities Exchange Association (ASEA) have signed a Memorandum of Understanding (MoU) to enhance collaboration and cooperation in promoting cross-border
Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In its 2023 banking outlook, Deloitte has advised banks to “…reassess traditional product, service, and industry boundaries to create new sources of value.” The company has suggested that this could include exploring
On the 8th of March 2023, the Corporate Affairs Department in collaboration with the Human Resource Department of GCB Bank PLC organized a Roundtable Talk to commemorate this year’s International Women’s Day. The theme for this year’s celebration was “Embrace Equity – DigitAll: Women in the IT And Digital Space” and the talk focused not
Ecobank Burkina Faso, Ecobank Côte d’Ivoire, Ecobank Ghana and Ecobank Rwanda all scoop awards Lomé, 20 March 2023 – Four affiliates of the leading pan-African banking Group, Ecobank Group, have won the coveted ‘Best Trade Finance Provider 2023’ Award in their respective countries. The affiliates, specifically Ecobank Burkina Faso, Côte d’Ivoire, Ghana and Rwanda received this
GCB Bank Plc, one of the largest banks in Ghana, today announced it successfully completed the first Pan-African Payment and Settlement System (PAPSS) client transaction in Ghana. The transaction involved a Ghanaian incorporated entity initiating a supplier payment from GCB in Ghana Cedis to a beneficiary in Nigeria who received the payment in Naira instantly.
Cross Switch Ghana is set to leverage its payments and technology infrastructure to digitise merchant payments, collections and disbursements for ecommerce, remittances as well as for financial inclusion Cross Switch Ghana LTD, and Cross Switch (https://www.Cross-Switch.com) International S.A.R.L. are pleased to announce that Cross Switch Ghana LTD has obtained approval from the Bank of Ghana
GCB Bank PLC, Ghana’s largest Bank by branch network, has increased its branch network to 186 by opening a new branch at the Tamale campus of the University for Development Studies (UDS) in the Northern Region. Like many others established over the last few years, the new UDS branch emphasises GCB Bank’s commitment to bringing
