Africa: total instant payment systems by country 2023

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

Characteristic	Number of IPS
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Release date

April 2024

More information

Region

Africa

Survey time period

June 1, 2023

Special properties

retail, active domestic IPS

Supplementary notes

Data has been aggregated by Statista.

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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