Expanding your business across Africa comes with immense opportunities—but cross-border transactions have often been a costly and time-consuming challenge. High conversion fees, lengthy settlement times, and complex banking procedures have hindered trade across African economies.
That’s where PAPSS (Pan-African Payment and Settlement System) comes in. In partnership with KCB, PAPSS simplifies cross-border payments by making transactions faster, more affordable, and seamless.
Here’s how your business can benefit:
1. Fast Transactions: No More Payment Delays
Time is money, especially when running a business across multiple African countries. Whether you're paying suppliers, processing payroll for your regional teams, or managing operational expenses, traditional cross-border payments can slow you down with lengthy transaction times.
With PAPSS, transactions take less than 3 minutes to complete. This is a game-changer for:
• Entrepreneurs with subsidiaries in multiple African countries who need to ensure timely salary payments, vendor settlements, and operational costs.
• Importers and exporters who rely on swift payments to secure goods and avoid supply chain disruptions.
2. Affordable: Eliminate High Transaction Fees
Cross-border payments often come with multiple conversion fees that eat into your margins. PAPSS enables direct transactions in local currencies, cutting out unnecessary currency conversion costs and reducing transaction fees significantly.
This cost efficiency is especially beneficial for:
• SMEs and suppliers looking to reinvest their savings into growing their businesses.
• Freelancers and consultants working with clients across Africa who can now receive payments without losing a significant portion to fees.
3. Simple: Just Like Sending Mobile Money
Managing payments across Africa shouldn't be complicated. With PAPSS on the KCB Mobile Banking App, making cross-border transactions is as seamless as a local transfer. Simply log into your app, select Global Transfers, choose PAPSS, enter the recipient's bank details, and your funds are instantly on their way—no delays, no unnecessary steps.
No more uncertainty with exchange rates or dealing with complex payment processes. Whether you're settling supplier invoices, paying for imports, or handling business expenses, PAPSS ensures fast, secure, and straightforward transactions—so you can focus on growing your business stress-free
4. Built for Africa: Designed to Strengthen Intra-Africa Trade
PAPSS supports economic growth by enabling smooth transactions across 16 African countries: Nigeria, Ghana, Sierra Leone, Liberia, Gambia, Zimbabwe, Guinea, Djibouti, Zambia, Rwanda, Tunisia, Senegal, Comoros, Egypt, and Malawi.
If your business operates in any of these markets, PAPSS provides a robust and reliable payment solution to streamline operations and expand your reach.
The Future of Cross-Border Payments
By simplifying transactions across Africa, PAPSS in partnership with KCB removes traditional trade barriers, allowing businesses to scale with ease.
Access PAPSS today through the KCB Mobile Banking App or visit any KCB branch.
