Resources

2023 has been a pivotal year for AfricaNenda. Since its launch, we have emerged as a crucial force in promoting financial inclusion across Africa, driving the adoption of inclusive, instant payment systems to empower over 400 million unbanked adults on the continent.

This publication is an excerpt from the State of Inclusive Instant Payment Systems (SIIPS) in Africa 2023 report, by AfricaNenda, the World Bank Group and United Nations Economic Commission for Africa. It shines a spotlight on cross-border payments and the regulatory context in which they operate, as well as the building blocks for policy harmonization.

This publication is an excerpt from the State of Inclusive Instant Payment Systems (SIIPS) in Africa 2023 report, by AfricaNenda, the World Bank Group, and the United Nations Commission for Africa. It sheds light on how IPS can address barriers to women’s financial inclusion.

Toward the Bare Minimum in Policy to Unlock Seamlessly Integrated Retail Digital Payments Across Africa.

Policy Note 2: Financial Service Provider Licensing and Passporting

The second annual State of Inclusive Instant Payment Systems in Africa 2023 (SIIPS 2023) by AfricaNenda reviews the landscape of instant payment systems (IPS) in Africa and how well they meet the standards of inclusivity, especially for low‑income consumers.

Africa continues to make strides in the growth of digital financial services (DFS) as innovation and regulatory shifts shape the landscape.

Read the full SIIPS 2023 Report here. This is the second of a series of annual reports by AfricaNenda on the landscape and state of instant and inclusive payment systems in Africa and the extent to which these systems are inclusive, especially for low‑income consumers. 

2022 has been a landmark year for AfricaNenda. Launched in 2021, AfricaNenda has already shown that it has what it takes to become a key player in the African landscape for advancing financial inclusion.

Toward the Bare Minimum in Policy to Unlock Seamlessly Integrated Retail Digital Payments Across Africa.

Consumer research was conducted between May and June 2022. It involved extensive in-country qualitative and quantitative research covering low-income adult individuals and micro, small, and medium-sized enterprises (MSMEs) across seven countries. This is the Zambia focus report.

Consumer research was conducted between May and June 2022. It involved extensive in-country qualitative and quantitative research covering low-income adult individuals and micro, small, and medium-sized enterprises (MSMEs) across seven countries. This is the Tanzania focus report.

Consumer research was conducted between May and June 2022. It involved extensive in-country qualitative and quantitative research covering low-income adult individuals and micro, small, and medium-sized enterprises (MSMEs) across seven countries. This is the Nigeria focus report.

Consumer research was conducted between May and June 2022. It involved extensive in-country qualitative and quantitative research covering low-income adult individuals and micro, small, and medium-sized enterprises (MSMEs) across seven countries. This is the Kenya focus report.

Consumer research was conducted between May and June 2022. It involved extensive in-country qualitative and quantitative research covering low-income adult individuals and micro, small, and medium-sized enterprises (MSMEs) across seven countries. This is the Ghana focus report.

Consumer research was conducted between May and June 2022. It involved extensive in-country qualitative and quantitative research covering low-income adult individuals and micro, small, and medium-sized enterprises (MSMEs) across seven countries. This is the Egypt focus report.

Consumer research was conducted between May and June 2022. It involved extensive in-country qualitative and quantitative research covering low-income adult individuals and micro, small, and medium-sized enterprises (MSMEs) across seven countries. This is the Democratic Republic of Congo focus report.

Read the SIIPS 2022 Executive Summary report here. This is the first of a series of annual reports by AfricaNenda on the landscape and state of instant and inclusive payment systems in Africa and the extent to which these systems are inclusive, especially for low‑income consumers.

Read the SIIPS 2022 Summary Report here. This is the first of a series of annual reports by AfricaNenda on the landscape and state of instant and inclusive payment systems in Africa and the extent to which these systems are inclusive, especially for low‑income consumers.

TCIB provides opportunity for both bank and non-bank financial institutions to connect directly and indirectly to a payments system to process regional payments requests instantly. This case study provides detail on the origin, governance structure, regulation business model and value proposition of NIBSS.

In response to a growing appetite for faster retail payments within Ghana, GhIPSS led the development and launch of the GhIPSS Instant Pay (GIP). This case study provides detail on the origin, governance structure, regulation business model and value proposition of NIBSS.

The Kenyan Bankers’ Association (KBA) strategized a payment system that would integrate digital payments, reduce the cost of transactions, and foster financial inclusion. This case study provides detail on the origin, governance structure, regulation business model and value proposition of PesaLink.

In 2011, the Nigerian Inter-Bank Settlement System (NIBSS) launched NIBSS Instant Payment (NIP)—a real‑time interbank payments system designed to facilitate high volumes of retail transactions. This case study provides detail on the origin, governance structure, regulation business model and value proposition of NIBSS. 

Read the full SIIPS 2022 Report here. This is the first of a series of annual reports by AfricaNenda on the landscape and state of instant and inclusive payment systems in Africa and the extent to which these systems are inclusive, especially for low‑income consumers.

This summary report captures insights into the needs of MSMEs involved in cross-border trade. The findings will inform training content design to strengthen MSMEs’ capacity in using digital financial services for cross-border trade.

This report captures the findings of a market research conducted within the COMESA region to assess the key challenges faced by MSMEs to develop an understanding of their training needs for accelerating the use of digital payments for cross-border transactions.

This short AfricaNenda Report (2021) explores the state of financial inclusion in Africa and the role that inclusive instant payments play in achieving inclusion for all. The report is a preview to AfricaNenda’s upcoming annual State of Instant Payments in Africa 2022 report, which will zoom further in on the themes and questions explored in this document.

The Level One Project is an initiative of the Bill and Melinda Gates Foundation’s Financial Services for the Poor (FSP) program and focuses on enabling financial inclusion by meeting the needs of low income users—both individuals and merchants—as well as the DFSPs that serve them.

This guide by William Cook, Dylan Lennox, and Souraya Sbeih (2021) offers insights for policy makers, financial service providers, and other actors involved in driving interoperability in digital payments.