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.
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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 December 23, 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 December 23, 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: December 23, 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 December 23, 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/
