Polaris Bank Expands Customers’ Transactional Opportunities, Enrolls In  PAPSS

<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<h4>Polaris Bank Expands<&sol;h4>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that Polaris Bank&comma; Nigeria’s leading digital retail Bank&comma; has enrolled in the Pan-African Payment and Settlement System &lpar;PAPSS&rpar;&period;<&sol;p>&NewLine;<p>The cross-border financial infrastructure empowers the Bank’s existing and potential customers to execute trade and payments across Africa seamlessly&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>The inter-African trade payment gateway is a solution designed to empower those who trade international within African continent&comma; with streamlined&comma; efficient&comma; and secure payment processes&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Speaking on the digital payment gateway&comma; Polaris Bank&&num;8217&semi;s Group Head&comma; Global Trade Business&comma; Ayo Adesanya&comma; said the launch of PAPPS underscores the Bank&&num;8217&semi;s commitment to leveraging innovative solutions to simplify processes for customers&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>The Banker added that PAPPS is embedded with several unique key features and delivers immense benefits for the Bank&&num;8217&semi;s current customers and prospects&period;<&sol;p>&NewLine;<p>These features include seamless transaction management&semi; meaning merchants and those involved in regional trade can now initiate and track cross-border payments within a single&comma; user-friendly platform&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;The payment gateway offers a centralized hub for managing transactions&comma; and hitherto multiple currency exchange systems&period; This feature reduces currency exchange risks and associated costs&comma; ultimately benefiting our customers&&num;8217&semi; bottom lines&period;&&num;8221&semi; she further disclosed&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>PAPPS also bolsters compliance and security as the payment gateway incorporates robust security measures to safeguard sensitive financial information&comma; ensuring that transactions are executed securely and in compliance with international regulations&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Polaris Bank signing up to PAPPS&comma; developed by AfreximBank&comma; is poised to ease international trade by simplifying payment processes&comma; reducing risks&comma; and enhancing efficiency&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;"> It empowers businesses to seize new opportunities in the continent and regional marketplace&comma;&&num;8221&semi; the Group Head stated&period;<&sol;a><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Polaris Bank was adjudged Digital Bank of the Year in 2021 and 2022&comma; 2023 by Business Day’s Banks and Other Financial Institutions &lpar;BAFI&rpar; Awards&period; It also emerged as the Best MSME Bank of the Year in 2022 and 2023 because of its ability to use technology to enable bottom-up support to the MSME sector&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;