amongst brothers and sisters
You can now trade goods & services in your local currency across African borders with PAPSS.
What is PAPSS?
The Pan-African Payment and Settlement System (PAPSS) is an international payment system and cross-border financial market infrastructure enabling remittance payment and trade between African countries.
How PAPSS Works:
PAPSS ensures instant or near-instant international money transfer between originators in one African country and beneficiaries in another.
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
How to Get Started
You can now access PAPSS through the channels below