Blog

Blog

This blog is part of a series documenting our program’s journey to accelerate the development of inclusive payments systems for universal access to financial services in Africa. #IAmAfricaNenda

Urgent Need to Harmonize Payment Service Regulations and Achieve Instant Cross-border Payments in Africa

Africa stands at a decisive moment in its digital finance evolution. Innovation is accelerating, mobile money is ubiquitous, and instant payment systems are fast growing across the continent. Yet one force continues to constrain seamless cross-border payments in Africa: regulatory fragmentation.

Latest blogs

28 February 2023 / Djeinaba Kane, Advocacy & Partnerships Lead, AfricaNenda

Tapping into the power of data to accelerate IIPS in Africa

The first State of Instant and Inclusive Payment Systems launched in 2022 in collaboration with the World Bank and United Nations Economic Commission for Africa (UNECA) captured the growing potential of Instant and Inclusive Payment Systems (IIPS) in Africa through a detailed set of tools and reports based on data analytics.

25 October 2022 / Sabine Mensah, Deputy CEO AfricaNenda

New approaches are needed for instant payment systems to reach their potential in Africa

On October 25, 2022, AfricaNenda launched State of the Instant and Inclusive Payment Systems (SIIPS) 2022 report, in collaboration with the United Nations Economic Commission for Africa and the World Bank.

6 October 2022 / Sabine Mensah, Deputy CEO, AfricaNenda

State of Instant and Inclusive Payment Systems in Africa 2022 report coming soon : A sneak-peak at end-users' experience.

With the emergence of instant payment systems (IPSs) in Africa, digital payments are becoming just as available and immediate as cash transactions, but whether people actually adopt and often use digital payments is another question. This might be for several reasons and often depends on the country.