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Pan-African Payment & Settlement System - PAPSS

Egypt

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Company Information

Get to know Pan-African Payment & Settlement System - PAPSS

Company Information

Get to know Pan-African Payment & Settlement System - PAPSS

The Pan-African Payment and Settlement System (PAPSS) is a cross-border, financial market infrastructure developed in collaboration with the African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat. Its primary mission is to facilitate payment transactions across Africa in local currencies, aiming to simplify and reduce the cost of intra-African trade. By providing a centralized clearing and settlement system, PAPSS eliminates the need for transactions to be cleared through correspondent banks outside the continent (typically in USD or EUR), which saves the continent an estimated US$5 billion annually in transaction costs and reduces payment processing times from days to near-instant.

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