In a survey conducted in 2023, Nigeria had the highest number of instant payment systems (IPS) in Africa. This was followed by six other countries, each with two IPS. In terms of total IPS on the continent, East Africa is in the lead. According to the source, instant payment systems refer to transactions across domains and through banks, mobile money, and sovereign currency.
Total number of active instant payment systems (IPS) in Africa as of 2023, by country
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Number 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.
Total IPS comprises bank IPS, mobile money IPS, cross-domain IPS, and sovereign currency IPS.
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Statista. (April 24, 2024). Total number of active instant payment systems (IPS) in Africa as of 2023, by country [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1463394/total-number-of-active-instant-payment-systems-in-africa-by-country/
Statista. "Total number of active instant payment systems (IPS) in Africa as of 2023, by country." Chart. April 24, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1463394/total-number-of-active-instant-payment-systems-in-africa-by-country/
Statista. (2024). Total number of active instant payment systems (IPS) in Africa as of 2023, by country. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1463394/total-number-of-active-instant-payment-systems-in-africa-by-country/
Statista. "Total Number of Active Instant Payment Systems (Ips) in Africa as of 2023, by Country." Statista, Statista Inc., 24 Apr 2024, https://www.statista.com/statistics/1463394/total-number-of-active-instant-payment-systems-in-africa-by-country/
Statista, Total number of active instant payment systems (IPS) in Africa as of 2023, by country Statista, https://www.statista.com/statistics/1463394/total-number-of-active-instant-payment-systems-in-africa-by-country/ (last visited July 22, 2024)
Total number of active instant payment systems (IPS) in Africa as of 2023, by country [Graph], Statista, April 24, 2024. [Online]. Available: https://www.statista.com/statistics/1463394/total-number-of-active-instant-payment-systems-in-africa-by-country/
