No borders
amongst brothers and sisters
Enjoy swift payments for goods and services across Africa, using Naira. No foreign exchange stress. Just seamless, secure payments from Nigeria to other African countries.
Now live on OneBank for individuals and SterlingPro for businesses!
What is PAPSS?
The Pan-African Payment and Settlement System (PAPSS) is a cross-border payment system that makes it easy for individuals and businesses to send and receive money across African countries,using local currencies like Naira. It simplifies trade, remittances, and everyday payments across the continent.
Now available in: Nigeria, Ghana, Sierra Leone, Liberia, Gambia, Zimbabwe, Guinea, Djibouti, Kenya, Zambia, Rwanda, Mala
How PAPSS Works:
PAPSS ensures instant or near-instant international money transfer between originators in one African country and beneficiaries in another.
An originator issues an international payment instruction in their local currency to their bank or payment service provider.
The payment instruction is sent to PAPSS.
The payment instruction is forwarded to the beneficiary’s bank or payment service provider
PAPSS carries out all necessary validation checks on the payment instruction.
The beneficiary’s bank clears the funds to the beneficiary in their local currency.
An originator issues an international payment instruction in their local currency to their bank or payment service provider.
The payment instruction is sent to PAPSS.
The payment instruction is forwarded to the beneficiary’s bank or payment service provider
PAPSS carries out all necessary validation checks on the payment instruction.
The beneficiary’s bank clears the funds to the beneficiary in their local currency.
An originator issues an international payment instruction in their local currency to their bank or payment service provider.
The payment instruction is sent to PAPSS.
The payment instruction is forwarded to the beneficiary’s bank or payment service provider
PAPSS carries out all necessary validation checks on the payment instruction.
The beneficiary’s bank clears the funds to the beneficiary in their local currency.
OneBank App
With PAPSS now available on our mobile banking app, OneBank, you can:
- Send money to family and friends across African countries directly in Naira.
- Pay for goods and services from African merchants without worrying about currency conversions.
- Settle tuition fees and other obligations across borders swiftly and securely.
Your continental upgrade begins with PAPSS on OneBank.
SterlingPro Platform
Businesses can now leverage PAPSS through SterlingPro, our digital corporate banking platform, to:
- Pay suppliers and partners across Africa in Naira.
- Manage cross-border transactions efficiently without the complexities of foreign exchange.
- Enhance operational efficiency with real-time settlements.
Your Pan-African reach begins on SterlingPro. Log in/ Sign up to get started
Benefits of PAPSS?
How PAPSS Benefits Customers: Corporates, SMEs, and Individuals
Instant/near-instant payments of borderless banking transactions
Zero hassle of currency conversion
Improved working capital through payment certainty and faster transactions.
Reduced cost of cross border payments.
How PAPSS Benefits Participants
Commercial Banks, Payment Service Providers, and other financial intermediaries
Simplified process that reduces the costs and complexities of foreign exchange for cross-border transactions between African markets.
Instant and secure cross-border payment capability to their customers across Africa
A platform that enables innovation in cross-border trade and access to new African markets​
How to Get Started
You can now access PAPSS via OneBank (for individuals) and SterlingPro (for businesses)
