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FX live, 150 of 153 currencies refreshed 20 Oct 2026 from open.er-api.com (exchangerate-api.com). The remainder use a seeded reference rate.
PAPSS · launched 2022
The Pan-African Payment and Settlement System, which clears cross-border African payments in local currency rather than routing them through correspondent banks in USD.
Representative of this rail in this market. Directionally useful, but not a quotable rate, confirm with the provider. Source: Market estimate; PAPSS pricing is set by participating banks.
In force since 16 Oct 2025
0.50% effective
−10.3% relative · from 0.56%
−25.0% relative · 4 revisions
Payout · percentage component
Rates are step functions: each level holds until it is replaced.
Every recorded change, newest first, with the movement from the rate it replaced.
16 Oct 2025 → current
31 May 2024 → 16 Oct 2025
PSP margin compressed as volume scaled.
7 Apr 2023 → 31 May 2024
1 Jan 2022 → 7 Apr 2023
Payout pricing across every country where this method is available, with the cost on a GMD 100.00 payment for comparison.
| Guinea |
| 0.5% |
| GNF 1 |
| 0.50% |
| 1 Dec 2023 |
| Estimate |
| Kenya | 0.5% | KES 0.50 | 0.50% | 3 Mar 2024 | Estimate |
| Liberia | 0.5% | LRD 0.50 | 0.50% | 20 Jul 2025 | Estimate |
| Nigeria | 0.5% | NGN 0.50 | 0.50% | 7 Nov 2023 | Estimate |
| Rwanda | 0.5% | RWF 1 | 0.50% | 23 Oct 2024 | Estimate |
| Sierra Leone | 0.5% | SLL 0.50 | 0.50% | 15 Jun 2024 | Estimate |
| South Africa | 0.5% | ZAR 0.50 | 0.50% | 3 May 2024 | Estimate |
| Zambia | 0.5% | ZMW 0.50 | 0.50% | 27 Jan 2024 | Estimate |