PAPSS – the Pan-African Payment and Settlement System – is a cross-border, financial market infrastructure enabling payment transactions across Africa.
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.
Benefits
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
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