As of 2022, mobile money instant payment systems (IPS) were the most used in comparison to other IPS in Africa, amounting to 35 percent. On the other hand, sovereign currency IPS had a share of only four percent. According to the source, instant payment systems refer to transactions across domains and through banks, mobile money, and sovereign currency.
Distribution of domestic instant payment systems (IPS) in Africa as of 2022, by type
Characteristic
Share of IPS
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The source defines Instant Payment Systems (IPS) as those that allow digital push payments through set procedures, making final funds available to the payee in the nearest real-time.
Considered countries comprise the following regions: East Africa: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Mauritius, Rwanda, Seychelles, Somalia, South Sudan, Sudan, Tanzania, and Uganda.Â
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.
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AfricaNenda Foundation. (November 30, 2022). Distribution of domestic instant payment systems (IPS) in Africa as of 2022, by type [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1463022/share-of-instant-payment-systems-in-africa-by-type/
AfricaNenda Foundation. "Distribution of domestic instant payment systems (IPS) in Africa as of 2022, by type." Chart. November 30, 2022. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1463022/share-of-instant-payment-systems-in-africa-by-type/
AfricaNenda Foundation. (2022). Distribution of domestic instant payment systems (IPS) in Africa as of 2022, by type. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1463022/share-of-instant-payment-systems-in-africa-by-type/
AfricaNenda Foundation. "Distribution of Domestic Instant Payment Systems (Ips) in Africa as of 2022, by Type." Statista, Statista Inc., 30 Nov 2022, https://www.statista.com/statistics/1463022/share-of-instant-payment-systems-in-africa-by-type/
AfricaNenda Foundation, Distribution of domestic instant payment systems (IPS) in Africa as of 2022, by type Statista, https://www.statista.com/statistics/1463022/share-of-instant-payment-systems-in-africa-by-type/ (last visited August 24, 2024)
Distribution of domestic instant payment systems (IPS) in Africa as of 2022, by type [Graph], AfricaNenda Foundation, November 30, 2022. [Online]. Available: https://www.statista.com/statistics/1463022/share-of-instant-payment-systems-in-africa-by-type/
