This is the third annual State of Inclusive Instant Payment Systems (SIIPS) in Africa report. It aims to inform public-sector and private-sector players in Africa and beyond about the developments in the instant retail payment system (IPS) ecosystem on the continent and how inclusive they are in their functionality and governance. It draws on data gathered from central banks and IPS operators in Africa, as well as insights from extensive stakeholder interviews, detailed case studies, and primary consumer research from five countries. SIIPS 2024 was made possible through the partnership involving AfricaNenda, the World Bank Group, and the United Nations Economic Commission for Africa (UNECA), with the generous support of the Bill & Melinda Gates Foundation. The research for this report includes only systems with live transactions and functionality as of June 1, 2024.