Volume of instant payment transactions (IPS) in Africa 2023, by system

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Volume of instant payment transactions (IPS) in Africa as of 2023, by system

CharacteristicTransaction volume in millions
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Statistic: Volume of instant payment transactions (IPS) in Africa as of 2023, by system (in millions)
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Source

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Release date

November 2024

Region

Africa

Survey time period

2023

Number of respondents

23 instant payment systems

Special properties

retail; instant payment systems (IPS)

Supplementary notes

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.

The source reports, that there is missing data from 10 IPS around Africa. Therefore, the volume could be underestimated.

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