A survey conducted in 2024 counted a total of ** instant payment systems (IPS) in Africa, the majority of which were in East Africa. Moreover, Southern Africa had ***** instant payment systems, while *** of such were registered in West Africa. According to the source, instant payment systems refer to transactions across domains and through banks, mobile money, and sovereign currency.
The source defines Instant Payment Systems (IPS) as that which allow digital push payments through set procedures, making final funds available to the payee in the nearest real-time.
Total IPS comprise bank IPS, mobile money IPS, cross-domain IPS, and sovereign currency IPS.
The data in the graph is only showing domestic IPS's.
The listed regions comprise the following countries: East Africa: Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Rwanda, Tanzania, and Uganda.Â
Southern Africa: Angola, Lesotho, Mozambique, South Africa, Zambia, and Zimbabwe.Â
ECOWAS (West Africa): Ghana, the Gambia, and Nigeria.
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Statista. (February 18, 2025). Total number of instant payment systems (IPS) in Africa as of 2024, by region [Graph]. In Statista. Retrieved June 07, 2025, from https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/
Statista. "Total number of instant payment systems (IPS) in Africa as of 2024, by region." Chart. February 18, 2025. Statista. Accessed June 07, 2025. https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/
Statista. (2025). Total number of instant payment systems (IPS) in Africa as of 2024, by region. Statista. Statista Inc.. Accessed: June 07, 2025. https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/
Statista. "Total Number of Instant Payment Systems (Ips) in Africa as of 2024, by Region." Statista, Statista Inc., 18 Feb 2025, https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/
Statista, Total number of instant payment systems (IPS) in Africa as of 2024, by region Statista, https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/ (last visited June 07, 2025)
Total number of instant payment systems (IPS) in Africa as of 2024, by region [Graph], Statista, February 18, 2025. [Online]. Available: https://www.statista.com/statistics/1461280/total-number-of-instant-payment-systems-in-africa-by-region/
