The Pan African Payment and Settlements System (PAPSS)

Currently Available In Ghana, Nigeria, Liberia, and The Gambia.

What is PAPSS?

PAPSS is a centralized payment and settlement infrastructure for intra-African trade and commerce. PAPSS enables instant, cross-border transactions in local currencies between African markets by simplifying cross-border transactions and reducing the dependency on hard currencies for these transactions.


How it works

PAPSS uses a digital platform to facilitate real-time clearing and settlement of cross-border transactions, allowing businesses and individuals to transact seamlessly across Africa. The sender transfers funds in his/her local currency and the beneficiary receives in his/her local currency. PAPSS is available to individuals and businesses of all sizes, including small and medium-sized enterprises (SMEs).



• Reduced transaction costs

• Increased efficiency and speed of transactions

• Improved transparency and accountability


PAPSS uses state-of-the-art security protocols and encryption to protect transactions and user data. The system is also subject to rigorous regulatory oversight and compliance with international standards, including the Payment Card Industry Data Security Standard (PCI DSS).

Participating countries:

• Ghana

• Nigeria

• The Gambia

• Liberia



For more details on PAPSS, click here


About CBG

Contact Info

Banking Services

PMB CT 363, Cantonments, Accra



Banking Hours: Mon -Fri 08:30AM -4:00PM

Remittance Centers: 08:30AM - 5:00PM


Powered by IDOC Technology