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‘Entrepreneurship To Flourish’: Africa’s Instant Payments Hit 64 Billion Transactions, New Report Shows

19 November 2025

The new report shows transaction volumes have grown at an average annual rate of 35% since 2020.

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In the media
25 March 2024 / Central Bank Payments News
AfricaNenda: Digital Payment Access is Steadily Increasing. What Barriers Remain?
The instant payment ecosystem in Africa continues to show increased dynamism, as the number of instant payment systems (IPS) expands and more transactions run through them, as documented in the State of Inclusive Instant Payment Systems in Africa 2023 report (SIIPS 2023).
SIIPS
15 February 2024 / africa.com
How Africa Can Benefit From Making Digital Payment Access More Inclusive
From Dakar to Kigali, individuals and businesses across Africa are increasingly using digital channels to pay merchants and utility providers and send money to friends and relatives. As a result, digital payments have become the most-used financial service among African account owners, according to the Global Findex.
SIIPS
22 December 2023 / Digital Banker Africa
Emerging Role & Positioning of Fintech in Driving the Inclusivity of Instant Payment Systems (IPS) in Africa
Africa has made significant progress in digital financial services, propelled by the widespread mobile money rails and fintech innovations.