News

NIP Nigeria Becomes Africa’s First “Mature” Instant Payment System

At the launch of State of Inclusive Instant Payment Systems (SIIPS) 2025 in Eswatini, the continent witnessed a breakthrough: Nigeria Inter‑Bank Settlement System Plc (NIBSS)’s NIBSS Instant Payment (NIP) platform became the first instant payment system (IPS) in Africa to reach the “Mature” level on the AfricaNenda Foundation Inclusivity Spectrum.

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9 May 2023

Ghana showcases its Instant and Interoperable Payment System to African Central Banks and Payment Switches

GhIPSS Instant Pay (GIP), Ghana’s Instant Payment solution, is considered one of the most advanced on the Africa continent, based on AfricaNenda's State of Instant and Inclusive Payment Systems (SIIPS) in Africa report 2022. According to the inclusivity criteria outlined in the SIIPS report, GhIPSS instant Pay is ranked under “progressed inclusivity as it not only meets the fundamental IIPS criteria but also provides inclusive functionality that supports the most widely used channels and essential use-cases, including P2P and P2B transactions.

2 June 2022 / Jacqueline Jumah, Technical Expert & Sabine Mensah, Deputy CEO, AfricaNenda. Article published in the Digital Banker Africa Magazine

All Eyes on Instant Payments for Greater Financial Inclusion in Africa

Article initially published on the Digital Banker Africa Magazine.

18 October 2021 / CBPN

Accelerating the Scale-Up of Inclusive Instant Payments in Africa: Launching AfricaNenda in a Post-Covid World

Inclusive, low-cost instant payments systems are today’s frontier for financial inclusion on the African continent. Recent experience shows that the ability to send and receive low-value payments at any time, free of charge or at very low cost, has great value in itself and also serves as the first step on the ladder and a gateway to other digital financial services.