In the media

‘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.

Latest

11 November 2023 / APA News

African central banks urged to strengthen cooperation

APA News, Ethiopia – Only five central banks and a handful of instant payment system (IPS) operators have responded positively to AfricaNenda’s request to produce an annual report on the state of inclusive instant payment systems (IIPS) in Africa.

10 November 2023 / PaymentsJournal

Instant Payment Systems in Africa Topped $1 Trillion in 2022

PaymentsJournal, USA – Africa’s instant payment systems (IPSs) processed 32 billion transactions last year, totaling $1.2 trillion U.S. dollars. The volume of payments and the total value of payments processed has grown since 2018 by 47% and 39%, respectively.

9 November 2023 / DailyGuideNetwork

Instant Payment Systems In Africa Record US$1.2trn

Daily Guide Network, Ghana – Instant payment systems (IPSs) in Africa recorded 32 billion transactions valued at a whopping US$1.2 trillion as of June, this year.