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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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Pioneering The Journey Toward Inclusive Instant Payments Across Africa
Financial inclusion in Africa is at a critical juncture, where the promise of instant payments—quick, secure, and low-cost digital transactions—has the potential to uplift millions. In the third annual “State of Inclusive Instant Payment Systems (SIIPS) in Africa 2024” report, Africa Nenda provides a comprehensive look at the current state of instant payments across the continent. The data-driven analysis sheds light on the achievements, challenges, and opportunities that lie ahead in the push to make digital payments accessible to all Africans.
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REPORT: Tracking Africa’s Growth in Digital Payment Inclusion
As Africa continues its digital transformation, the SIIPS Report 2024 (State of Inclusive Instant Payment Systems)—launched today in Accra in partnership with AfricaNenda, the World Bank, and the United Nations Economic Commission for Africa (UNECA)—highlights the extraordinary growth of Instant Payment Systems (IPS) across the continent and explores their impact on financial inclusion.
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