Connect - Become a Participant of PAPSS and start cross-border instant payments

Connecting to PAPSS

Becoming a PAPSS participant is a straightforward process:

Applicants should review the PAPSS Participant eligibility criteria and then fill out and submit the online request form

PAPSS will provide access to an onboarding support account to all eligible applicants. The applicant should download, complete and sign the Onboarding Application form, as well as a Membership Agreement and return the forms to PAPSS

Once all necessary information has been provided and reviewed, PAPSS will create a Participant Account

In order to process transactions on PAPSS, Participants will need to complete due diligence and network connectivity successfully

PAPSS Participant eligibility criteria

Full details of the eligibility criteria needed to become a PAPSS Participant – either Direct or Indirect – are available in the CONNECT section. Here is a précis of the main requirements:

Direct Participant applicants
- A Central Bank Applicant must be from an Afreximbank member state.
- A Direct Participant Applicant must be a separate legal entity. If a corporation or other legal form of organisation is comprised of, or operates as, a structure of more than one legal entity, such as a group, each legal entity within the group that wishes to participate in the PAPSS Payment Scheme must apply separately to become a Participant.
- A Direct Participant Applicant must be a financial institution with a full banking licence.
- A Direct Participant Applicant must comply with all financial and regulatory competence requirements of its applicable Central Bank.
- A Direct Participant Applicant must have a settlement account with its domestic Central Bank Settlement Member in each country in which it uses the PAPSS service.
Indirect Participant applicants
- An Indirect Participant Applicant is a financial institution that does not have a settlement account with its domestic Central Bank.
- An Indirect Participant Applicant must have a relationship with a domestic Direct Participant that will provide settlement services to it in each country in which it uses the PAPSS service.

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