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HomeDaily NewsThursday, September 3, 2026ABC Bank Goes Live on Pan-African Payment System - September 2026
Business & Economy3 stories from 2 sources

ABC Bank Goes Live on Pan-African Payment System - September 2026

ABC Bank has officially joined the Pan-African Payment and Settlement System (PAPSS), enabling customers to conduct near-instantaneous payments across 28 participating African countries. Meanwhile, Kenya has launched a new industry body, the Kenya E-Commerce Alliance (KECA), aimed at fostering digital trade and addressing challenges within the sector. Kenya has also experienced a significant surge in web application attacks, with government systems and Internet Service Providers (ISPs) identified as primary targets, marking a 44 percent increase.

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Thursday 4:20 PMCapital Business

ABC Bank goes live on Pan-African payment system

ABC Bank goes live on Pan-African payment system

ABC Bank has officially joined the Pan-African Payment and Settlement System (PAPSS), enabling customers to conduct near-instantaneous payments across 28 participating African countries.

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Key Highlights

ABC Bank has officially joined the Pan-African Payment and Settlement System (PAPSS), enabling customers to conduct near-instantaneous payments across 28 participating African countries.

  • Customers can now send payments in Kenyan shillings or US dollars, with recipients receiving funds in their local currency or US dollars respectively.
  • The integration significantly reduces the cost and time previously associated with traditional international transfers, as highlighted by ABC Bank Managing Director Apollo Njoroge.
  • Developed by Afreximbank in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, PAPSS aims to facilitate faster and cheaper intra-African payments.
Wednesday 9:30 PMCapital Business

New e-commerce alliance launched to boost Kenya’s digital trade

New e-commerce alliance launched to boost Kenya’s digital trade

Kenya has launched a new industry body, the Kenya E-Commerce Alliance (KECA), aimed at fostering digital trade and addressing challenges within the sector.

Read Story

Key Highlights

Kenya has launched a new industry body, the Kenya E-Commerce Alliance (KECA), aimed at fostering digital trade and addressing challenges within the sector.

  • KECA was established during the Digital Trade Congress 2026 in Nairobi.
  • The alliance will unite e-commerce businesses, policymakers, and other stakeholders to advocate for policies that support online and cross-border trade.
  • Key priorities include industry representation, advocacy, knowledge sharing, and capacity building to enhance Kenya's digital commerce ecosystem.
Wednesday 7:30 PMNation BusinessFirst

Web attacks up 44pc as hackers target State, ISP systems

Web attacks up 44pc as hackers target State, ISP systems

Kenya has experienced a significant surge in web application attacks, with government systems and Internet Service Providers (ISPs) identified as primary targets.

Read Story

Key Highlights

Kenya has experienced a significant surge in web application attacks, with government systems and Internet Service Providers (ISPs) identified as primary targets.

  • A 43.7 percent increase in web application attacks was recorded in the three months ending June.
  • The Communications Authority of Kenya (CA) reported that attackers are exploiting weak security configurations, outdated software, and coding flaws.
  • Key vulnerabilities exploited include weaknesses in SSL/TLS security configurations, unauthenticated remote-code execution, and reflected cross-site scripting.
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