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
Characteristic
Bank IPS
Mobile money IPS
Cross domain IPS
Sovereign currency 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 and IPS type [Graph]. In Statista. Retrieved August 24, 2024, 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 August 24, 2024. 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: August 24, 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, 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 August 24, 2024)
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/