The Pan-African Currency Marketplace gives banks, corporates, fintechs and liquidity providers one transparent, order-book-driven platform to exchange African currencies directly and settle in near real time. Both legs of every trade settle over PAPSS, the Pan-African Payment and Settlement System, so intra-African trade no longer routes through hard currencies.
Co-architected by Interstellar and PAPSS, an initiative of Afreximbank, PACM removes the hard-currency bottleneck that has forced African businesses into costly dependence on external currencies. Its pilot saw more than 80 African corporations transact across 12 currency pairs, with every settlement in local currency.
Commercially launched in June 2025 and unveiled with PAPSS at the Afreximbank Annual Meetings, PACM now trades 14 African currencies across 13 active countries and reached version 3 in Q3 2026.
How a trade moves
Two institutions, two currencies, one marketplace — settled in minutes, not months.
Who it serves
Real-time currency pairing and local settlement rails to unlock liquidity, reduce risk and offer new services.
Settle trade obligations, payrolls and supplier payments in local currencies without costly intermediaries.
A single, continent-wide liquidity pool for intra-African commerce.
Settlement that once took months now takes minutes — matched, settled and reconciled in local currency, every time.
Built on Stargate
Every PACM trade settles on the Stargate ledger: one shared, immutable record, both legs at once. About Stargate →