A survey conducted in 2023 counted a total of 29 instant payment systems (IPS) in Africa, the majority of which were in East Africa. Moreover, West and Southern Africa each had six instant payment systems, while five of such were registered in North Africa. According to the source, instant payment systems refer to transactions across domains and through banks, mobile money, and sovereign currency.
Total number of instant payment systems (IPS) in Africa as of 2023, 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.
Total IPS comprise bank IPS, mobile money IPS, cross-domain IPS, and sovereign currency IPS.
The data in the graph is only showing domestic IPS's.
The listed regions comprise the following countries: East Africa: Burundi, the Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Rwanda, the Seychelles, Somalia, South Sudan, Sudan, Tanzania, and Uganda.Â
Southern Africa: Angola, Botswana, Eswatini, Lesotho, Mozambique, Namibia, South Africa, Zambia, and Zimbabwe.Â
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.
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Statista. (April 24, 2024). Total number of instant payment systems (IPS) in Africa as of 2023, by region [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/
Statista. "Total number of instant payment systems (IPS) in Africa as of 2023, by region." Chart. April 24, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/
Statista. (2024). Total number of instant payment systems (IPS) in Africa as of 2023, by region. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/
Statista. "Total Number of Instant Payment Systems (Ips) in Africa as of 2023, by Region." Statista, Statista Inc., 24 Apr 2024, https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/
Statista, Total number of instant payment systems (IPS) in Africa as of 2023, by region Statista, https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/ (last visited December 21, 2024)
Total number of instant payment systems (IPS) in Africa as of 2023, by region [Graph], Statista, April 24, 2024. [Online]. Available: https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/
