14
African currencies13
Active countriesMinutes
Settlement time, down from monthsDirect
No dependency on hard currenciesBackground
PAPSS needed a real-time FX clearing system to facilitate cross-border trade and remove currency-exchange bottlenecks across Africa.
Challenge
Multi-country coordination — diverse regulatory frameworks, technical standards and financial systems across many African nations.
Solution
Interstellar built PACM on Stargate with built-in FX capability — one platform for real-time settlement and currency exchange, settling both legs over PAPSS.
Impact
Direct currency exchange with no dependency on hard currencies; settlement cut from months to minutes.