The Pan African Payments & Settlement System (PAPSS) is a pan African cross border service that allows users send funds in their local currencies to recipients in other African countries. The system is designed to enable African trade and execute cross border transfers real-time and in their local currencies, thereby removing the hard currency dependency and delays in transacting cross border.
Benefits
Benefits
Convenience
The platform offers convenience and you can access it from the comfort of your office, home and even while on holiday.
Control over finances
Gives you control over your finances and allows you to manage your money.
24/7 banking
Offers you the flexibility to access banking services anytime and anywhere.
Access statements
Check your balance and access your mini statements and bank to bank transfers.
How to Access PAPPS
You can access PAPSS at any KCB Branch countrywide and on the KCB mobile Banking APP.
For Branch customers, they will be required to fill in a form capturing the transaction details, present it to the teller with your identification documents and or supporting documents depending on the nature and amount of the transaction.
For Mobile Banking customers, customers will log onto Mobile Banking and click on Global Transfers, under the global transfers tab the PAPSS icon will be visible. Click on the PAPSS icon and enter required information to process the transaction.
Benefits to Customers
Faster Transactions- Cross-border payments are processed in real-time.
Currency calculation for either sending or receiving amount.
Local Currency Payments- You can send and receive payments in your local currency, avoiding the need for USD or EUR conversions.
Safe and Secure transactions.
Cost effective transfers with competitive FX rates.
No sign up required, accessible to all KCB customers.
How to Activate PAPPS for Use
The service is available to all KCB customers. Customers are not required to sign up or activate the service.
For branch customers simply request to send a transaction through PAPSS and for Mobile Banking users access the service on the KCB Mobile app under the Global Transfers Tab.
Transact conveniently at over 200 branches countrywide. Our range of financial solutions are designed to help you effectively manage your finances and grow your wealth.