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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

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

25 October 2022
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Sabine Mensah, Deputy CEO AfricaNenda

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.

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Instant payment systems
16 May 2022 / Sabine Mensah, Deputy CEO, AfricaNenda
Feeling the pulse: flagship report on Africa’s instant and inclusive payment systems expected soon.
Fast, accessible, and more inclusive digital payments are booming across Africa. Efficient digital payments are more convenient for both the payer and the payee. They also have the potential to strengthen capital markets through a larger store of value in transaction accounts. Governments are increasingly focusing on supporting the roll-out of digital payments as a tool for financial inclusion.