PAPSS — Payment Network Profile | nonusd
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Africa
2022-01
PAPSS
Pan-African Payment and Settlement System
🏳️ Pan-African (54 countries target)
Multiple African local currencies
Issuer
African Export-Import Bank (Afreximbank) / African Union
Visit issuer →
Payment Types
Cross-border instant transfers
Local currency settlement
B2B trade payments
Key Features
Cross-border payments in local currencies
Eliminates need for US dollar intermediation
Supports AfCFTA trade framework
Connected national switches across Africa
CARICOM countries also joined (Oct 2023)
Statistics
note
Enables instant cross-border transfers in local currencies, removing need for dollar-based settlements
connected switches
GhIPSS, ZimSwitch, GamSwitch, NIBSS
participating banks
Ecobank, Access Bank, Zenith Bank, CalBank, Standard Bank, UBA Group
Profile
Network
PAPSS
Full Name
Pan-African Payment and Settlement System
Country
🏳️ Pan-African (54 countries target)
Currency
Multiple African local currencies
Region
Africa
Launched
2022-01
Issuer
African Export-Import Bank (Afreximbank) / African Union
Links
Issuer
papss.com
Product
papss.com
Made by
@dylansz_
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