Papss
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About Papss
PAPSS is a Pan-African Payment and Settlement System that facilitates instant and secure cross-border payments in local currencies across Africa. It connects banks and payment service providers to enhance trade and financial transactions across the continent.
Make instant and secure cross-border payments in local currencies across Africa.
What You Can Do
- Connect with African banks and payment providers
- Enable instant payments across borders
- Access financial market infrastructure
- Support trade transactions in local currencies
Frequently Asked Questions
What is PAPSS?
PAPSS is a financial market infrastructure that enables cross-border payment transactions in Africa.
How does PAPSS improve trade in Africa?
PAPSS accelerates trade by providing a secure and efficient way to make payments in local currencies across African countries.
Who supports PAPSS?
PAPSS is supported by Afreximbank, the African Union, and the African Continental Free Trade Area (AfCFTA).
Can individuals use PAPSS for payments?
PAPSS primarily connects banks and payment service providers, facilitating transactions rather than direct individual use.
What languages does PAPSS support?
PAPSS offers services in English, French, Arabic, and Portuguese.