Africa: total instant payment systems by region 2023

A survey conducted in 2023 counted a total of 29 instant payment systems (IPS) in Africa, the majority of which were in East Africa. Moreover, West and Southern Africa each had six instant payment systems, while five of such were registered in North Africa. According to the source, instant payment systems refer to transactions across domains and through banks, mobile money, and sovereign currency.

Total number of instant payment systems (IPS) in Africa as of 2023, by region

Characteristic	Number of IPS
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Release date

April 2024

More information

Region

Africa

Survey time period

June 2023

Special properties

retail; domestic IPS

Supplementary notes

The data has been aggregated by Statista.

The source defines Instant Payment Systems (IPS) as that which allow digital push payments through set procedures, making final funds available to the payee in the nearest real-time.

Total IPS comprise bank IPS, mobile money IPS, cross-domain IPS, and sovereign currency IPS.

The data in the graph is only showing domestic IPS's.

The listed regions comprise the following countries:
East Africa: Burundi, the Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Rwanda, the Seychelles, Somalia, South Sudan, Sudan, Tanzania, and Uganda.

Southern Africa: Angola, Botswana, Eswatini, Lesotho, 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.

Central Africa: Cameroon, Central African Republic, Chad, Congo Republic, the Democratic Republic of the Congo, Equatorial Guinea, Gabon, and São Tomé and Príncipe.

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