Based on a survey, mobile money instant payment systems (IPS) contributed the most to the total volume of IPS in Africa. In 2022, nearly 26 billion mobile money IPS transactions were registered across the continent. Cross-domain IPS counted around five billion. The latter provides access for banks and non-banks and supports transactions made from both bank and mobile money accounts.
Instant payment systems are used across the different African regions.
Volume of instant payment transactions (IPS) in Africa as of 2022, by system
(in millions)
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.
The source reports, that there is missing data from 10 IPS around Africa. Therefore, the volume could be underestimated.
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AfricaNenda Foundation. (November 5, 2023). Volume of instant payment transactions (IPS) in Africa as of 2022, by system (in millions) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation. "Volume of instant payment transactions (IPS) in Africa as of 2022, by system (in millions)." Chart. November 5, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation. (2023). Volume of instant payment transactions (IPS) in Africa as of 2022, by system (in millions). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation. "Volume of Instant Payment Transactions (Ips) in Africa as of 2022, by System (in Millions)." Statista, Statista Inc., 5 Nov 2023, https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation, Volume of instant payment transactions (IPS) in Africa as of 2022, by system (in millions) Statista, https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/ (last visited November 22, 2024)
Volume of instant payment transactions (IPS) in Africa as of 2022, by system (in millions) [Graph], AfricaNenda Foundation, November 5, 2023. [Online]. Available: https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/
