According to a survey, of the total value of instant payment transactions (IPS) carried out in Africa in 2022, the highest were from cross-domain IPS. That year, nearly 800 billion U.S. dollars of instant cross-domain payment transactions were registered on the continent. This system provides access for banks and non-banks and supports transactions made from both bank and mobile money accounts. Instant payment systems are spread across Africa.
Value of instant payment transactions in Africa as of 2022, by system
(in billion U.S. dollars)
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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
AfricaNenda Foundation. (November 5, 2023). Value of instant payment transactions in Africa as of 2022, by system (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1461829/value-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation. "Value of instant payment transactions in Africa as of 2022, by system (in billion U.S. dollars)." Chart. November 5, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1461829/value-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation. (2023). Value of instant payment transactions in Africa as of 2022, by system (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1461829/value-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation. "Value of Instant Payment Transactions in Africa as of 2022, by System (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Nov 2023, https://www.statista.com/statistics/1461829/value-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation, Value of instant payment transactions in Africa as of 2022, by system (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1461829/value-of-instant-payment-transactions-in-africa-by-system/ (last visited November 21, 2024)
Value of instant payment transactions in Africa as of 2022, by system (in billion U.S. dollars) [Graph], AfricaNenda Foundation, November 5, 2023. [Online]. Available: https://www.statista.com/statistics/1461829/value-of-instant-payment-transactions-in-africa-by-system/
