The Pan-African Payment and Settlement System (PAPSS) is expanding across Africa as cross-border payments on the continent rise, according to Punch. The platform plans to connect all African countries within five years, a move aimed at facilitating trade and advancing the goals of the African Continental Free Trade Area (AfCFTA). The expansion reflects growing adoption of the system for intra-African transactions.

African Banking Corporation Limited (ABC Bank) has gone live on the Pan-African Payment and Settlement System (PAPSS), enabling its customers to send and receive payments across 28 participating African countries instantly, securely and affordably. According to Business Today, the service allows individuals and businesses to make near-instant personal and business payments directly from their ABC Bank accounts to recipients' accounts in other African markets.

DCSPay, the stablecoin payments platform run by DCS Group, has partnered with African payment infrastructure provider Kotani Pay to expand stablecoin-funded payouts and local fiat settlement across several African markets. According to TechTrends KE, the collaboration will first launch in Nigeria, then extend to Kenya, Ghana, Egypt, South Africa and Tanzania, linking DCSPay’s stablecoin payment infrastructure with Kotani Pay’s local payment rails.

Paymentology has facilitated the launch of Africa's first mobile-money Tap-to-Pay feature in collaboration with Vodacom Tanzania Plc and M-Pesa Africa. This initiative aims to enhance mobile payment options across the continent.

According to CIO Africa, Africa's payments landscape is evolving into a new phase that goes beyond mere digital transactions, focusing on the development of intelligent and interconnected financial ecosystems. This shift indicates a significant transformation in how financial services are delivered and utilized across the continent.

M-Pesa is collaborating with Visa and Onafriq to pilot stablecoin payments in the Democratic Republic of Congo (DRC). This initiative is part of a broader discussion on financial technology developments, which also includes the Central Bank of Nigeria revoking licenses for several banks and Zain's expansion into Syria after MTN's exit, according to Techpoint Africa.