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The missing link: Africa’s $1.4 billion-person market needs one payment language
Africa’s payment landscape is not lacking infrastructure, but cohesion. While the continent has developed dozens of instant payment systems, most operate in isolation due to differing regulatory frameworks, compliance requirements, and currencies. This fragmentation continues to make cross-border payments costly, slow, and unpredictable, limiting trade and financial inclusion, particularly for small businesses.
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SIIPS
SIIPS 2023 Report reveals continued growth in Africa’s instant payment systems
AfricaNenda has today released the second edition of the annual State of Inclusive Instant Payment Systems (SIIPS) in Africa report. Jointly produced with the United Nations Economic Commission for Africa (UNECA) and the World Bank, the report highlights sustained growth in both the supply of instant payment systems and demand for their functionality.
SIIPS
