PAPSS (Pan-African Payment and Settlement System)

Cross-border payments through the Pan-African Payment and Settlement System use ISO 20022 messaging and RTGS integration to enable instant local currency transfers across 19+ participating African countries. Settlement occurs via end-of-day multilateral net settlement through Afreximbank.

Yes, utilizing PAPSS for instant local currency settlement requires central-bank connectivity, pre-funding liquidity management, and AML/KYC compliance. Participants must connect through a PAPSS-connected bank or payment service provider to route transactions.

Yes, you can execute peer-to-peer currency exchange without USD or EUR intermediaries using the PACM feature within PAPSS. This enables direct local currency exchange across participating African markets, reducing reliance on external currencies.

The best way to manage liquidity for real-time cross-border settlement in Africa is through PAPSS pre-funding liquidity management for direct participants. This ensures sufficient capital exists to execute instant local currency transfers across participating countries.

Yes, PAPSS supports continental card payments with local currency settlement through its PAPSSCARD feature. This allows card transactions across participating African markets to be settled instantly in local currencies without foreign exchange conversion.

PAPSS requires end-of-day multilateral net settlement via Afreximbank to optimize liquidity across participating central banks. This aggregates real-time instant payment system transactions, reducing the capital drain of continuous gross settlement while maintaining settlement finality.