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Pan African Payment & Settlement System

Scheme name: Pan African Payment & Settlement System

IIPS Type: Bank

Instruments: Credit EFT, Debit EFT

Use cases: Transfers & remittances (P2P), Cross-border

Inclusivity level: Not ranked

Year of establishment: 2022

System owner: PAPSS Governing Council

Overseer: PAPSS Governing Council

Operator: PAPSS Management Board

Total Participants: 12

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CategoryPan African Payment & Settlement System
Geographic reachRegional
Geographic descriptionAfrica
Scheme governancePAPSS Governing Council
Settlement agentAfrican Export–Import Bank
Participants - commercial banks12
Participants - MMOsN/A
Participants - non-bank PSPsN/A
Participants - MFIsN/A
Volumes 2018N/A
Volumes 2019N/A
Volumes 2020N/A
Volumes 2021N/A
Values 2018N/A
Values 2019N/A
Values 2020N/A
Values 2021N/A
Interoperability arrangementThird party
Ownership modelRegulator-owned
Governance TypologyPPP
Messaging standardISO 20022
Types of proxy IDsEmail address, phone number
Use of open APIsYes
QR code standard N/A
Pro-poor governanceNon
CB governance involvementYes

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