In order to boost intra-African trade, the African Export-Import Bank (Afreximbank) has developed the Pan-African Payment and Settlement System (PAPSS). This initiative will save Africa more than $5 billion a year in payment transaction costs, while accelerating transactions on the continent.

The PAPSS is a pan-African platform that will allow companies and governments to trade with each other instantly, transparently, and in local currencies between the different African markets. It is an instrument that allows payments and settlements in local African currencies. It thus comes to concretize the logic of financial market in which the Zlecaf intends to register. This system developed by the African Export-Import Bank (Afreximbank), the African Union and central banks, in collaboration with the General Secretariat of Zlecaf, is expected to boost intra-African trade by transforming and facilitating payment, clearing and settlement for cross-border trade across Africa.