The Pan-African Payment and Settlement System (PAPSS) is a centralized financial infrastructure that facilitates cross-border payments in local African currencies, enhancing intra-African trade. It offers real-time gross settlement services, reducing transaction costs and increasing efficiency. PAPSS targets African businesses and financial institutions, aiming to boost trade under the African Continental Free Trade Area (AfCFTA). Its unique selling proposition is enabling local currency transactions without needing external currencies, thereby saving businesses approximately $5 billion annually in transaction costs[1][2][3].