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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
22 November 2024
Africa Processed 49Bn Transactions in 2023 – SIIPS Report
The SIIPS Report which offers valuable insights into the opportunities and challenges facing Africa’s digital payment systems has said that 2023 was a landmark year, with 49 billion transactions processed across the continent—the highest volume recorded to date.
In the media
22 November 2024
Africa’s instant payment hits $1 trillion; inclusivity lags behind
Africa’s instant payment systems (IPSs) achieved a staggering milestone in 2023, recording $1 trillion in transaction value across 49 billion payments, according to the AfricaNenda Foundation’s State of Inclusive Instant Payment Systems (SIIPS) in Africa Report.
In the media
21 November 2024
Key Insights On Building Trust, Overcoming Barriers, And The Path To Habitual Use Of Digital Payments In Africa
The increasing adoption of digital payment systems (DPS) across Africa, particularly in urban and peri-urban areas, reflects an ongoing effort to enhance financial inclusion. A report examining the progress and challenges of these systems across several African countries in 2022 and 2023 highlights key insights into how digital payments are evolving and what remains necessary to drive habitual use. The findings underscore a significant reliance on two fundamental principles: reliability and convenience. These factors are critical for motivating both individuals and small businesses to transition from sporadic to habitual users of digital payment systems (IPS).