PAPSS

PAPSS is a financial market infrastructure that streamlines instant, cross-border payments in local currencies between African countries. The platform serves as a catalyst for enhancing intra-African trade and economic integration, enabling swift and secure funds transfers and payments across various sectors.


Present Corridors

With a goal of serving all African countries, PAPSS is currently present in 12 African countries namely Ghana, Nigeria, Liberia, Sierra Leone, Guinea, Gambia, Djibouti, Zimbabwe, Kenya, Zambia, Rwanda, and Malawi.


Touch Points

  • All Access Bank branches.
  • Retail mobile Application
  • Corporate Internet Banking Platform

Benefits

  • Simplified Trade Operations without worrying about the complexities of managing multiple currencies or expensive foreign exchange conversions.
  • Expanded Market Reach with quicker and cheaper payment processing, aiding growth for your business.
  • Increased Liquidity by significantly reducing payment delays, these solutions will enhance liquidity management, enabling you to better allocate resources and reinvest profits back into your business.

Frequently Asked Questions

There is no limit on both inflows and outflows
Usage fees for PAPSS vary depending on the transaction amount. Visit a branch or call our contact centre for detailed information regarding applicable charges.
The prevailing exchange rate is updated daily between the payment banks in line with market dynamics.
  • Ghanaians – Ghana Card
  • Foreigners – Non-citizen Ghana card
PAPSS has a goal of serving all African countries. The Beneficiary bank must be a PAPSS participating bank. Visit a branch or call our contact centre for confirmation.
  • Retail/ Individuals: Can transact up to $10,000 per year without documentation and unlimited with supporting documents in line with the Foreign Exchange Act 2006, Act 723.
  • Corporate/ SMEs: Can transact up to $200,000 per year with initial documentation in line with the Foreign Exchange Act 2006, Act 723 and unlimited with supporting documents.
The Pan African Payment and Settlement Systems (PAPSS) is a financial market infrastructure developed by African Export-Import Bank (Afreximbank) to streamline and facilitate real-time cross-border payments and settlements within Africa.
Receipt of funds is near real time.
  • Visit any of our branches
  • Use the Retail mobile Application
  • Use the Corporate Internet Banking Platform
PAPSS facilitates cross-border payments, trade finance operations, remittances and other financial transactions.
PAPSS is available to all Access Bank Account holders thus individuals, SMEs and corporates account holders.

Get in touch with our us

LET'S HAVE A CHAT OR SEND US AN EMAIL HERE

You can also call our Numbers:

+233 (0) 30 274 2699, Toll Free: 0800 00 4400


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