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* Connect * en * English * French * Arabic * Portuguese * About us * How it works * Network * Get connected * Media * Press releases * In the media * Events * Commercial Launch Event * About us * How it works * Network * Get connected * Media * Press releases * In the media * Events * Commercial Launch Event * Connect * en * English * French * Arabic * Portuguese CONNECTING PAYMENTS. ACCELERATING AFRICA’S TRADE. TRANSFORMING HOW PAYMENTS ARE MADE ACROSS BORDERS IN AFRICA PAPSS – the Pan-African Payment and Settlement System – is a cross-border, financial market infrastructure enabling payment transactions across Africa. PAN-AFRICAN PAYMENTS Leading-edge technology connecting African banks, payment service providers and other financial market intermediaries enabling instant and secure payments between African countries INSTANT PAYMENTS Instant payments made by originators to beneficiaries in their local currencies, no matter where they are in Africa SIMPLIFIED PAYMENTS Simplifying the historical complexities and costs of making payments across African borders, providing operational efficiencies that open up vast economic opportunities for all stakeholders. HOW PAPSS WORKS PAPSS ensures instant or near-instant transfers of funds between originators in one African country and beneficiaries in another. 1 An originator issues a payment instruction in their local currency to their bank or payment service provider. 2 The payment instruction is sent to PAPSS. 3 PAPSS carries out all necessary validation checks on the payment instruction. 4 The payment instruction is forwarded to the beneficiary’s bank or payment service provider. 5 The beneficiary’s bank clears the funds to the beneficiary in their local currency. Learn more BENEFITS OF PAPSS PAPSS addresses the historic challenges of making payments across African borders, adding value through a common African market infrastructure for all stakeholders, from governments, banks and payment providers to corporates, small enterprises and individuals. WHAT PAPSS MEANS FOR ‘PARTICIPANTS’ Commercial banks, payment service providers and other financial intermediaries connecting to PAPSS benefit from: * a simplified process that reduces the costs and complexities of foreign exchange for cross-border transactions between African markets * providing an 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 Learn More WHAT PAPSS MEANS FOR AFRICAN MARKETS Governments and central banks partnering with PAPSS benefit from: * easing the pressure on current accounts and demands for foreign exchange liquidity * increased transparency of cross-border trade activity, bringing greater oversight of cross-border transactions and increased potential to generate revenue * enhanced financial inclusion opportunities and improved economic growth through intra-African trade Learn More WHAT PAPSS MEANS FOR CUSTOMERS Corporates, SMEs and individuals can benefit from: * instant/near instant payments of cross-border transactions without the hassle of currency conversion * improved working capital through payment certainty and faster transactions * access to various payment facilitating options through a growing network of financial intermediaries GROWING NETWORK OF INTERCONNECTED PAYMENTS SERVICES PAPSS is bringing together a growing network of central banks, commercial banks, payment service providers and other financial intermediaries, recognising the economic benefits of simplifying the payment landscape across the African continent so that more Africans can trade with each other. SEE MORE CERTIFICATIONS PAPSS is compliant to global regulatory standards to build the highest levels of trust assurance with its stakeholders. GET CONNECTED Discover how to connect to PAPSS as a Participant by clicking below. Get connected ABOUT US About PAPSS Our story Governing PAPSS HOW IT WORKS How PAPSS works PAPSS services FAQs NETWORK Central Banks Switches Commercial Banks Strategic Partnerships GET CONNECTED For PAPSS Participants For African governments For customers MEDIA Press Releases In the Media EVENTS CONNECT SECURITY POLICY SUPPORT Pan-African Payment & Settlement System 72B El-Maahad El-Eshteraky Street, Roxy, Heliopolis, Cairo 11341, Egypt Standard: +20-2-24564100/1/2/3 Sales: +20 (0) 121 0144489 Support: +234 708 067 2300 info@papss.com SUPPORTED BY © 2023 PAPSS. All rights reserved. Website by BrandComms. Terms of use | Privacy notice * * * *