Total number of instant payment systems (IPS) in Africa 2023, by country
In a survey conducted in 2023, Nigeria had the highest number of instant payment systems (IPS) in Africa. This was followed by six other countries, each with two IPS. In terms of total IPS on the continent, East Africa is in the lead. According to the source, instant payment systems refer to transactions across domains and through banks, mobile money, and sovereign currency.