Pan-African Payment and Settlement System (PAPSS)

New Capabilities

Model for CAPSS; network spans more than 30 African countries as of September 2026

A Barbadian business buying goods from Trinidad has long had to convert to U.S. dollars to pay. That hurdle is coming down. In October 2026, the CARICOM Payment and Settlement System (CAPSS) entered its pilot phase, allowing cross-border payments to settle in local currencies across 11 Caribbean jurisdictions.

Updated Oct 13