The Pan African Payments and Settlement System (PAPSS) is a financial infrastructure platform developed by the African Union to facilitate payments and settlements among African countries. PAPSS aims to promote intra-Africa trade and economic integration by providing a secure and efficient mechanism for handling financial transactions between African nations.

PAPSS offers various services, including cross-border payments, currency conversion, and settlement of trade transactions. It seeks to reduce reliance on external payment systems and promote the use of African currencies in regional trade, ultimately contributing to economic growth and financial stability on the continent.