Nigeria had the highest number of instant payment systems (IPS) in Africa. In 2023, the country counted three IPS, a mobile money, cross-domain, and a sovereign currency IPS. Egypt, Ghana, Kenya, Morocco, South Africa, and Tanzania followed with two IPS each.
Total number of active instant payment systems (IPS) in Africa as of 2023, by country and IPS type
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 and IPS type [Graph]. In Statista. Retrieved January 05, 2025, from https://www.statista.com/statistics/1463477/total-number-of-active-instant-payment-systems-in-africa-by-country-and-type/
Statista. "Total number of active instant payment systems (IPS) in Africa as of 2023, by country and IPS type." Chart. April 24, 2024. Statista. Accessed January 05, 2025. https://www.statista.com/statistics/1463477/total-number-of-active-instant-payment-systems-in-africa-by-country-and-type/
Statista. (2024). Total number of active instant payment systems (IPS) in Africa as of 2023, by country and IPS type. Statista. Statista Inc.. Accessed: January 05, 2025. https://www.statista.com/statistics/1463477/total-number-of-active-instant-payment-systems-in-africa-by-country-and-type/
Statista. "Total Number of Active Instant Payment Systems (Ips) in Africa as of 2023, by Country and Ips Type." Statista, Statista Inc., 24 Apr 2024, https://www.statista.com/statistics/1463477/total-number-of-active-instant-payment-systems-in-africa-by-country-and-type/
Statista, Total number of active instant payment systems (IPS) in Africa as of 2023, by country and IPS type Statista, https://www.statista.com/statistics/1463477/total-number-of-active-instant-payment-systems-in-africa-by-country-and-type/ (last visited January 05, 2025)
Total number of active instant payment systems (IPS) in Africa as of 2023, by country and IPS type [Graph], Statista, April 24, 2024. [Online]. Available: https://www.statista.com/statistics/1463477/total-number-of-active-instant-payment-systems-in-africa-by-country-and-type/
