Service 02
Payment Systems Modernization
From legacy infrastructure to real-time, ISO 20022-ready payment rails.
Payment systems are the circulatory system of a financial institution. When they are outdated, everything downstream suffers: settlement delays, compliance failures, missed revenue from real-time services, and an inability to connect to regional and global payment networks.
AFRICOPIL's Payment Systems Modernization practice helps financial institutions in Central Africa architect, plan, and execute the transition from legacy payment infrastructure to modern, real-time, API-ready, and ISO 20022-compliant systems.
Our Four-Phase Approach
Payments Architecture Assessment
We conduct a deep technical review of your current payment infrastructure, including core banking connectivity, switch architecture, RTGS/ACH participation, cross-border rails, and the API layer.
Modernization Roadmap
We design a phased, risk-managed roadmap from your current state to target architecture, sequenced to minimize disruption and align with regulatory timelines.
Vendor Selection
We support the evaluation and selection of payment technology vendors, including switches, processors, ISO 20022 conversion engines, and API gateways, on a fully vendor-neutral basis.
Implementation Governance
We provide architecture oversight and program governance throughout the implementation phase, ensuring delivery teams stay on track and that the system performs as designed.
Key Outcomes
30 to 50% reduction in payment settlement times
Full ISO 20022 compliance ahead of regulatory deadlines
Real-time payment capability enabled
Zero disruption to live transaction operations during transition
API-ready infrastructure for open banking and fintech partnerships