In the media

The missing link: Africa’s $1.4 billion-person market needs one payment language

Africa’s payment landscape is not lacking infrastructure, but cohesion. While the continent has developed dozens of instant payment systems, most operate in isolation due to differing regulatory frameworks, compliance requirements, and currencies. This fragmentation continues to make cross-border payments costly, slow, and unpredictable, limiting trade and financial inclusion, particularly for small businesses.

Latest

23 November 2024

Instant payment transactions in Africa cross $1trn mark but 400m people excluded – Report

Players in the Instant Payment System (IPS) industry gathered in Accra, Ghana, on Wednesday for the launch of the 2024 edition of the State of Inclusive Instant Payment Systems in Africa Report.

22 November 2024

AfricaNenda Launch the 2024 SIIPS Report, Charting Africa’s Progress in Inclusive Digital Payments

AfricaNenda in partnership with the World Bank, and the United Nations Economic Commission for Africa (UNECA) launched the State of Inclusive Instant Payment Systems (SIIPS) 2024 Report in Accra, Ghana —highlights the extraordinary growth of Instant Payment Systems (IPS) across the continent and explores their impact on financial inclusion.

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.