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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
24 April 2024 / ecdpm
Gaps in interoperability as barriers to inclusive digital payments in Africa
Ennatu Domingo and AfricaNenda’s Jacqueline Jumah and Sabine Mensah argue that instant payment systems play a crucial role in Africa’s digital public infrastructure, but that there are still many barriers to its interoperability – which Europe can help address.
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
8 November 2023 / ENA
Report Reveals Continued Growth in Africa’s Instant Payment Systems
Addis Ababa, November 8/2023 (ENA):The State of Inclusive Instant Payment Systems (SIIPS) in Africa Report released today revealed that there is continued growth in Africa’s instant payment systems.