East Africa had the highest number of instant payment systems (IPS) in Africa. In 2023, the region counted a total of 12 IPS. Of those, four were mobile money IPS, cross-domain and sovereign currency IPS amounted to three each, while the remaining two are bank IPS.
Total number of active instant payment systems (IPS) in Africa as of 2023, by region 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 region and IPS type [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1463478/total-number-of-active-instant-payment-systems-in-africa-by-region-and-type/
Statista. "Total number of active instant payment systems (IPS) in Africa as of 2023, by region and IPS type." Chart. April 24, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1463478/total-number-of-active-instant-payment-systems-in-africa-by-region-and-type/
Statista. (2024). Total number of active instant payment systems (IPS) in Africa as of 2023, by region and IPS type. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1463478/total-number-of-active-instant-payment-systems-in-africa-by-region-and-type/
Statista. "Total Number of Active Instant Payment Systems (Ips) in Africa as of 2023, by Region and Ips Type." Statista, Statista Inc., 24 Apr 2024, https://www.statista.com/statistics/1463478/total-number-of-active-instant-payment-systems-in-africa-by-region-and-type/
Statista, Total number of active instant payment systems (IPS) in Africa as of 2023, by region and IPS type Statista, https://www.statista.com/statistics/1463478/total-number-of-active-instant-payment-systems-in-africa-by-region-and-type/ (last visited July 22, 2024)
Total number of active instant payment systems (IPS) in Africa as of 2023, by region and IPS type [Graph], Statista, April 24, 2024. [Online]. Available: https://www.statista.com/statistics/1463478/total-number-of-active-instant-payment-systems-in-africa-by-region-and-type/