Digital identity and compliance company, Seamfix, has entered into a new partnership with the Pan-African Payment and Settlement System (PAPSS), operated by Afreximbank, to enhance transaction governance and support real-time cross-border payments across the continent.
The collaboration introduces PGATE, a new compliance and transaction-governance layer developed by Seamfix.
How PGATE Works
According to a statement released yesterday by the Group Chief Executive Officer of Seamfix, Chimezie Emewulu, PGATE links identity, payment behaviour, and regulatory checks in a single workflow, enabling central banks, commercial banks and other financial institutions to monitor cross-border transactions, enforce limits and detect suspicious activity without slowing down payments.
PAPSS, which already connects central banks and financial players, facilitating payments in local African currencies, will champion the platform across its network. Emewulu explained that Seamfix will build and operate PGATE under a vendor-financed model designed to increase participation and expand services linked to PAPSS infrastructure. He noted that the platform addresses concerns raised by institutions seeking stronger visibility on identity-linked payments as transaction volumes rise across Africa.
“Payments move fast across Africa, but trust must move with them. This partnership helps banks and regulators see what they need to see, at the moment they need to see it, without getting in the way of the transaction,” Emewulu said.
PGATE is built on Seamfix’s Fixiam digital identity engine and offers features such as pre-transaction screening, quota governance, consent management, and post-settlement audit trails. The initiative also aligns with broader efforts to simplify trade under the African Continental Free Trade Area (AfCFTA), allowing individuals and businesses to send money across borders without complex currency conversions or delays.
Seamfix and PAPSS are expected to begin stakeholder engagements ahead of a proof-of-concept involving selected central and commercial banks. PAPSS is backed by Afreximbank and the African Union as a continental real-time settlement system, while Seamfix provides identity verification, digital onboarding and compliance services to banks, telecoms and governments across multiple markets.
