Pan-African Payment and Settlement System (PAPSS)

Send Money Across Africa Instantly With Prudential Bank

Prudential Bank LTD. is proud to be one of the pioneering banks in Ghana offering the Pan-African Payment and Settlement System (PAPSS), a revolutionary cross-border payment platform designed to make African payments faster, easier, and more affordable.

With PAPSS, individuals and businesses can send and receive money across participating African countries in local currencies, without relying on foreign currencies such as the US Dollar.

Now, Prudential Bank customers can conveniently initiate PAPSS transactions directly through the Prudential Bank Mobile App, making cross-border African payments more accessible than ever. Download The PBL Mobile App Here 

 

What is PAPSS?

The Pan-African Payment and Settlement System (PAPSS) is a centralized payment and settlement platform developed to support trade and financial integration across Africa under the African Continental Free Trade Area (AfCFTA). PAPSS enables secure, real-time cross-border payments between African countries while reducing:

• Foreign exchange dependency

• Transaction costs

• Payment delays

• Correspondent banking complexities

This means customers can send funds in Ghana Cedis while beneficiaries receive payments in their local currencies.

 

Why Choose Prudential Bank for PAPSS Transactions?

Prudential Bank is among the early adopters of PAPSS in Ghana and continues to drive innovation in African cross-border payments. The Bank has successfully processed PAPSS transactions across multiple African countries and continues to expand access through digital channels.

 

Key Benefits of PAPSS with Prudential Bank

• Send money across Africa instantly

• No need for foreign currency accounts

• Competitive transaction costs

• Fast and secure settlements

• Convenient transactions through the Prudential Bank Mobile App

• Real-time payment processing

• Seamless support for African trade and business

• PAPSS on the Prudential Bank Mobile App

Prudential Bank customers can now process PAPSS transactions directly on the Prudential Bank Mobile App.

 

This major digital innovation allows customers to:

• Send cross-border payments anytime

• Access PAPSS services conveniently from their phones

• Avoid long branch processes

• Make payments securely and efficiently

The integration of PAPSS into the Prudential Bank Mobile App reinforces the Bank’s commitment to digital transformation and seamless African payments.

 

Countries Available on PAPSS

Customers can currently send funds from Ghana to participating banks in:

Nigeria, Kenya, Rwanda, Zambia, Liberia, Gambia, Sierra Leone, Guinea, Djibouti, Zimbabwe, Malawi. 

The list of participating countries and banks continues to grow as PAPSS expands across Africa.

 

Who Can Use PAPSS?

PAPSS services are available for: Businesses, SMEs, Importers and exporters, Traders, Students making cross-border payments and any payment made across African borders. Whether you are paying suppliers, supporting family members, paying school fees, or conducting trade across Africa, PAPSS provides a fast and reliable payment solution.

 

How to Send Money with PAPSS

You can initiate PAPSS transactions through:

• The Prudential Bank Mobile App

• Any Prudential Bank branch nationwide

Requirements

• A Prudential Bank account

• Valid identification

• Beneficiary bank details

All PAPSS transactions are subject to the Foreign Exchange Act and applicable regulations governing cross-border payments in Ghana.

 

Why PAPSS Matters for Africa

PAPSS is helping to transform intra-African trade by creating a simpler, more efficient payment ecosystem for African businesses and consumers.

By reducing dependence on foreign currencies and enabling local currency settlements, PAPSS supports:

• Faster African trade

• Financial inclusion

• Economic integration

• AfCFTA implementation

• Growth of African businesses

Prudential Bank remains committed to supporting Africa’s payment future through innovation, accessibility, and dependable banking solutions.

 

Start Sending Money Across Africa Today

Download the Prudential Bank Mobile App or visit any Prudential Bank branch to experience fast, secure, and seamless PAPSS transactions.

 

For Further Enquiries:

Toll-Free: 0800 000 772

Tel: 0302 750 420 / 0551 85 85 85