The State of Inclusive Instant Payment Systems in Africa – 2024 report

SIIPS 2024

SIIPS 2024 REPORT

SIIPS 2024 delves into the continued evolution of instant payment systems across Africa, examining supply and demand dynamics. It sheds light on the key trends, challenges, and opportunities driving digital payment adoption, providing stakeholders with actionable insights to foster growth and inclusivity.

This year’s edition features new developments in fintech licensing, and eKYC, and explores the role of IPS in advancing digital public infrastructure (DPI) initiatives across the continent.

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Key data infographics

Explore some of the key findings from SIIPS 2024 through data and figures. Click on the images below to see more.

MORE KEY DATA AVAILABLE IN SIIPS 2024

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SIIPS CONSUMER VIDEOS

Watch the experience of IPS consumers in African countries

SIIPS 2024 CASE STUDIES

Details for each scheme include its origin story, governance and operational framework, and lessons on inclusivity gleaned through in-depth interviews with IPS stakeholders.

Mauritius: MauCas

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South Africa: Payshap

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Tanzania: TIPS

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Zimbabwe: ZIPIT

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GET MORE INSIGHTS ABOUT IPS IN AFRICA

SIIPS 2024 delves deeper into understanding the dynamics influencing African payment system development in Africa through four detailed case studies.

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In the media

In the media
10 June 2024 / CIO Media
Sabine Mensah: A Transformational Leader Driving Digital Payments and Financial Inclusion in Africa
Financial inclusion has become more imperative today than ever, particularly in Africa, where it can drive economic growth and prosperity.
In the media
3 June 2024 / Forbes Africa
Unlocking Women’s Economic Power In Africa Through Digital Public Infrastructure
Despite the remarkable growth in digital financial services that enable millions of Africans to save, borrow and engage in economic activities, a stark reality persists. For many women across the continent, this revolution remains frustratingly out of reach.
In the media
27 May 2024 / CNBC Africa
How instant payment systems across Africa can be the role model for the world
Imagine Salimata working in Nairobi and sending money home to her mother every month, instantly and directly from her mobile money account in Kenya into her mother’s mobile money account in Burkina Faso.

Other resources

19 April 2024
AfricaNenda Annual Report 2023
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.
19 March 2024
Cross-Border Retail Payment Policy and Regulatory 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 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.
19 March 2024
Barriers And Opportunities To Addressing Women's Digital Financial Inclusion
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.