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(PAPSS) Escrow Banking
+233 50 713 4569
CONTACT@AFRICATRADEENGINE.COM
+233 50 713 4569
contact@africatradeengine.com
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+233 50 713 4569
 contact@africatradeengine.com

(PAPSS) Escrow Banking

Home » (PAPSS) Escrow Banking

Our Escrow Payment, Integrated With Pan African Payment and Settlement System (PAPSS) is Secured and Managed by Regulated Banks

Everything for your business is ready to attract and engage verified manufacturers and vendors. We have made it very easy to sell in (AfCFTA) markets. We have integrated Escrow Payments  with different banks in Africa to ensure vendors and buyers transact business in a secured trusted ecosystem.  Scroll down and learn more…

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The Secretary General of the AfCFTA Secretariat announces the official launch and operationalization of the African Continental Free Trade Area (AfCFTA) and the introduction of the Pan-African Payment and Settlement System (PAPSS).

Your Trusted Marketplace for Intra-African Trade & U.S. Africa Trade

Africa TradEEngine Ltd has partnered with major banks in Africa that have integrated Pan African Payment & Settlement Systems (PAPSS). (PAPSS) was formally launched in January 2022. It is a centralized payment and settlement system for intra-African trade in goods and services. Africa currently has approximately 42 individual currencies. The PAPSS allows companies in Africa to pay for intra-African trade transactions in their local currency. 

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(PAPSS) is Linked to Most African Banks to Allow Transactions in African Currencies

Stability in Currency Transactions: Breaking barriers is our mission. Through PAPSS, we’re expanding access to financial services, empowering even the smallest businesses to play a meaningful role in the AfCFTA and contribute to the continent’s economic prosperity.  No more sleepless nights over fluctuating exchange rates. With PAPSS, transactions can be settled in local currencies, mitigating the risks associated with foreign exchange volatility and ensuring stability in your trade endeavors.

Sending Payments Using (PAPSS) Involves The Following Steps:

WARNING ! Buyers Must Not Pay Vendors Without First Contacting Africa TradEEngine Payments Dept.

Invoice From Seller

Buyer must contact TradEEngine Payments Dept. by email and follow up with a phone call about the transaction details

TradEEngine Docs

TradEEngine will prepare certified docs and send to both seller and buyer for confirmation of transaction details

Escrow Payment

TradEEngine will authorize PAPSS certified bank to accept full payment from the buyer to be deposited in an escrow account

Products Readiness

Seller prepares purchase order for shipment. Seller informs TradEEngine and Buyer about ETA, ETD, shipping documents and tracking details

Delivery to Warehouse

Consignment is delivered to buyer's warehouse for receiving. Buyer contacts seller and TradEEngine for delivery accuracy and confirmation

Payment Released

TradEEngine releases full payment to seller after final delivery confirmation. The bank sends payment info to Buyer and Africa TradEEngine for records

Email Address For All Payments and Other financial transactions payments@africatradeengine.com

Contact Us About Working Capital for Your Business

Africa TradEEngine Ltd, as a marketplace, offers a distinctive advantage through its deep ecosystem and network effects that can significantly contribute to facilitating funding for Small and Medium Enterprises (SMEs) and State-Owned Enterprises (SOEs) looking to expand their operations within the Africa Continental Free Trade Area (AfCFTA) and leverage the benefits of the Africa Growth & Opportunity Act (AGOA) in the context of US-Africa trade.
 

Ecosystem Synergy

Africa TradEEngine Ltd's ecosystem encompasses a wide spectrum of stakeholders, including financial institutions, investors, trade experts, legal advisors, and market specialists. This rich ecosystem facilitates seamless collaboration and knowledge sharing, creating a conducive environment for businesses seeking funding.

Marketplace Efficiency

The marketplace model employed by Africa TradEEngine Ltd streamlines the process of connecting businesses with potential funders. This efficiency reduces the time and effort required for SMEs and SOEs to identify and secure funding sources.

Specialized Expertise

The platform's network includes experts well-versed in trade regulations, compliance standards, and financing options pertinent to AfCFTA and AGOA. This expertise is invaluable for businesses seeking funding in the complex landscape of international trade agreements.

Access to Diverse Funding Sources:

Through Africa TradEEngine Ltd, SMEs and SOEs gain access to a diverse pool of funding sources, including venture capital, private equity, government grants, trade finance facilities, and impact investors. This breadth of options increases the likelihood of securing suitable funding for specific business needs.

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