Kenya's instant payment network, Pesalink, has partnered with the Pan-African Payment and Settlement System (PAPSS) to enable real-time cross-border transactions in local currencies, aiming to reduce Africa's dependence on the US dollar for trade.

• This integration allows instant, 24/7 bank-to-bank transfers settling entirely in local currencies, bypassing costly currency conversions.
• Key figures include Pesalink CEO Gituku Kirika and PAPSS CEO Mike Ogbalu III.
• The partnership connects over 80 Kenyan financial institutions with more than 160 commercial banks and fintechs across PAPSS-participating African countries.