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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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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.
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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.
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