Cairo: TECHz Magazine – News Desk
The Pan-African Payment and Settlement System (PAPSS) has logged a 1,000% year-on-year increase in transaction volumes and a 120% jump in transaction values across comparable periods in 2025 and 2026. Nigeria experienced even sharper growth, with volumes rising 1,100% and values increasing 125%.
As the infrastructure transitions to mass scaling, the platform averages processing times of just seven seconds – drastically outperforming its original 120-second target while generating cross-border cost savings of up to 95%. The system’s footprint now covers all five regions of the continent, supported by an artificial intelligence-powered fraud detection system.
Ten additional countries joined the network in 2026, expanding the ecosystem to over 30 nations. The infrastructure currently connects 24 central banks, with active plans to reach 38 by the end of the year, alongside full integration with over 200 commercial banks, 16 national switches, and more than 300 payment service providers. This global export of technology has prompted the Caribbean community to begin replicating the PAPSS model for its own regional payment infrastructure.
According to CEO Mike Ogbalu III, the platform’s initial phase of establishing trust and building infrastructure is complete. Starting in 2027, PAPSS will pivot to driving widespread consumer and enterprise adoption while exploring integrations with emerging financial technologies, including blockchain and cryptocurrency advancements championed by proactive regulatory markets. This update was compiled using original reporting from Africa Briefing, The Sun Nigeria, and The Arabian Post.
