The Pan-African Payment and Settlement System (PAPSS) has been successfully integrated by United Bank for Africa (UBA) Plc into their AI-powered chatbot, LEO.
This accomplishment put the bank in a position to become the first financial institution in Africa to facilitate cross-border payments using a chatbot platform, allowing for quick, easy, and safe exchanges of local currencies between African nations.
Oliver Alawuba, the bank’s Group Managing Director and Chief Executive Officer, characterized the merger as a huge and important step in the realization of intra-African trade during yesterday’s press conference. For us, UBA is all about making transactions easier and being connected. We are not only making payments easier with PAPSS now fully integrated on our LEO platform, but we are also removing obstacles to economic cooperation within African markets and enabling Africans to conduct business in their own local currencies. I declare, “Now, Africa trade begins!!!” since this is consistent with our goal of being at the center of Africa’s economic revolution.
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