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‘Entrepreneurship To Flourish’: Africa’s Instant Payments Hit 64 Billion Transactions, New Report Shows
The new report shows transaction volumes have grown at an average annual rate of 35% since 2020.
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SIIPS
State of Inclusive Instant Payment Systems 2023 (SIIPS 2023) Report reveals continued growth in Africa's instant payment systems
AfricaNenda (www.AfricaNenda.org) 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
Instant payment systems in Africa record US$1.2 trillion in 32 billion transactions 2023
The AfricaNenda report on the State of Inclusive Instant Payment (SIIP) in Africa for the year 2023 indicates that as of June this year, instant payment systems (IPSs) in Africa recorded 32 billion transactions valued at a whopping US$1.2 trillion.
SIIPS