Total number of instant payment systems (IPS) in Africa 2023, by region
A survey conducted in 2023 counted a total of 29 instant payment systems (IPS) in Africa, the majority of which were in East Africa. Moreover, West and Southern Africa each had six instant payment systems, while five of such were registered in North Africa. According to the source, instant payment systems refer to transactions across domains and through banks, mobile money, and sovereign currency.