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!

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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.

For Individuals

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.
For Businesses

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

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Instant/near-instant payments of borderless banking transactions

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Zero hassle of currency conversion

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Improved working capital through payment certainty and faster transactions.

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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)

Visit any Sterling Bank Branch

See Branch locations here

Download the SterlingPro App
  1. Download and launch the application here
  2. Select the PAPSS menu
  3. Complete all necessary fields and upload required documents and then submit for processing

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