Source data
Selected Pan-African Payment and Settlement System milestones, 2018 to 2026
Sources checked
- 2018System development and pilot agreement
- 28 September 2021Operational rollout announcement
- January 2022Commercial launch
- September 2022Customer transaction milestone
- June 2023Settlement model expansion
- 5 March 2025Bank-led launch announcement
Show 3 more dates
Follow the sequence from testing to commercial launches and central bank agreements.
Source 1 Source 2 Source 3 Source 4 Source 5 Source 6 Source 7
Selected Pan-African Payment and Settlement System milestones, 2018 to 2026
Each row records a dated operator milestone. Central bank membership, commercial provider launches and consumer access are separate stages. The reach figure is the operator’s July 2026 announcement.
| Source | ||||
|---|---|---|---|---|
| 2018 | West African Monetary Zone | System development and pilot agreement | Six central banks participated in the pilot | Source 1 |
| 28 September 2021 | Afreximbank and AfCFTA Secretariat | Operational rollout announcement | Followed the West African Monetary Zone pilot | Source 2 |
| January 2022 | Accra, Ghana | Commercial launch | PAPSS launched for commercial use | Source 1 |
| September 2022 | PAPSS | Customer transaction milestone | Operator chronology records commencement of customer transactions | Source 1 |
| June 2023 | Commercial bank groups | Settlement model expansion | Operator records partnership with five banking groups for rollout | Source 1 |
| 5 March 2025 | Kenya and Rwanda | Bank-led launch announcement | KCB Group and Bank of Kigali launched the platform for their customers | Source 3 |
| 7 July 2025 | Morocco | Central bank membership | Morocco announced as the 17th country of presence | Source 4 |
| 15 August 2025 | Algeria | Central bank membership | Algeria announced as the 18th country of presence | Source 5 |
| July 2026 | Bank of Central African States | Regional central bank membership | PAPSS reported 28 countries of network reach and work to operationalise membership | Source 6 |
Source links
- PAPSS operator history and West African Monetary Zone pilot
- Afreximbank and AfCFTA Secretariat, operational rollout announcement
- PAPSS, KCB Group and Bank of Kigali rollout announcement
- PAPSS, Bank Al-Maghrib joining announcement
- PAPSS, Bank of Algeria joining announcement
- PAPSS, Bank of Central African States membership announcement
- PAPSS explanation of payment processing and settlement