Trade enablers: Payments
Pan-African Payment and Settlement System (PAPSS)
PAPSS settles cross-border payments instantly in local currencies across African central banks. Accessible from the Gateway to close the trade loop after verification.
Settlement partner
PAPSS: instant cross-border settlement
PAPSS is the financial market infrastructure for instant cross-border payments across Africa, championed by the AfCFTA Secretariat and Afreximbank. It enables traders to pay and be paid in local currencies, settled in real time between participating central banks.
Instant
Real-time settlement
Local currency
No USD intermediation
Central-bank rails
Settled at central banks
Mock action: demonstrator only