In a survey conducted in 2022, Southern Africa led in terms of instant bank and non-bank payment systems in Africa, with four systems in total. East Africa had two instant cross-domain payment systems, which allow transactions across bank and non-bank accounts. However, this region had the majority of instant bank payment systems in the same year.
Number of bank and non-bank instant payment systems (IPS) in Africa as of 2022, by region
The source defines Instant Payment Systems (IPS) as that which allow digital push payments through set procedures, making final funds available to the payee in the nearest real-time.
It also defines cross-domain instant payment system as that which provides access for banks and non-banks and which supports transactions made from both bank and mobile money accounts.
The listed regions comprise the following countries:
East Africa: Burundi, the Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Mauritius, Rwanda, the Seychelles, Somalia, South Sudan, Sudan, Tanzania, and Uganda.
Southern Africa: Angola, Botswana, Eswatini, Lesotho, Malawi, Mozambique, Namibia, South Africa, Zambia, and Zimbabwe.
ECOWAS (West Africa): Benin, Burkina Faso, Cabo Verde, Côte d’Ivoire, the Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo.
North Africa: Algeria, Egypt, Libya, Mauritania, Morocco and Tunisia.
Central Africa: Cameroon, Central African Republic, Chad, Congo Republic, the Democratic Republic of the Congo, Equatorial Guinea, Gabon, and São Tomé and Príncipe.
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AfricaNenda Foundation. (November 30, 2022). Number of bank and non-bank instant payment systems (IPS) in Africa as of 2022, by region [Graph]. In Statista. Retrieved January 02, 2025, from https://www.statista.com/statistics/1461242/number-of-cross-domain-instant-payment-systems-in-africa-by-region/
AfricaNenda Foundation. "Number of bank and non-bank instant payment systems (IPS) in Africa as of 2022, by region." Chart. November 30, 2022. Statista. Accessed January 02, 2025. https://www.statista.com/statistics/1461242/number-of-cross-domain-instant-payment-systems-in-africa-by-region/
AfricaNenda Foundation. (2022). Number of bank and non-bank instant payment systems (IPS) in Africa as of 2022, by region. Statista. Statista Inc.. Accessed: January 02, 2025. https://www.statista.com/statistics/1461242/number-of-cross-domain-instant-payment-systems-in-africa-by-region/
AfricaNenda Foundation. "Number of Bank and Non-bank Instant Payment Systems (Ips) in Africa as of 2022, by Region." Statista, Statista Inc., 30 Nov 2022, https://www.statista.com/statistics/1461242/number-of-cross-domain-instant-payment-systems-in-africa-by-region/
AfricaNenda Foundation, Number of bank and non-bank instant payment systems (IPS) in Africa as of 2022, by region Statista, https://www.statista.com/statistics/1461242/number-of-cross-domain-instant-payment-systems-in-africa-by-region/ (last visited January 02, 2025)
Number of bank and non-bank instant payment systems (IPS) in Africa as of 2022, by region [Graph], AfricaNenda Foundation, November 30, 2022. [Online]. Available: https://www.statista.com/statistics/1461242/number-of-cross-domain-instant-payment-systems-in-africa-by-region/
