×
The Standard Group PLC The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.
  • Standard Group Plc HQ Office,
  • The Standard Group Center,Mombasa Road.
  • P.O Box 30080-00100,Nairobi, Kenya.
  • Telephone number: 0203222111, 0719012111
  • Email: corporate@standardmedia.co.ke

Local banks bet on Pan-African payment system to spur trade

From left: KCB Group CEO, Paul Russo, Trade Cabinet Secretary Lee Kinyanjui and PAPSS CEO, Mike Ogbalu III, during the launch of the Pan-African Payment & Settlement System in Nairobi, on February 27, 2025. [Wilberforce Okwiri,Standard]

Kenya's leading lenders KCB Group and Equity Group, are strategically aligning with the Pan-African Payment and Settlement System (PAPSS) to capitalise on burgeoning intra-African trade.

They view the platform as a key to unlocking growth as regional integration efforts gain momentum and global trade dynamics shift.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in