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billion mobile money IPS transactions were registered across the continent. Cross-domain IPS counted
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billion. The latter provides access for banks and non-banks and supports transactions made from both bank and mobile money accounts. Instant payment systems are used across the different African regions.
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Volume of instant payment transactions (IPS) in Africa as of 2023, by system
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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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AfricaNenda Foundation. (November 22, 2024). Volume of instant payment transactions (IPS) in Africa as of 2023, by system (in millions) [Graph]. In Statista. Retrieved November 16, 2025, from https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation. "Volume of instant payment transactions (IPS) in Africa as of 2023, by system (in millions)." Chart. November 22, 2024. Statista. Accessed November 16, 2025. https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation. (2024). Volume of instant payment transactions (IPS) in Africa as of 2023, by system (in millions). Statista. Statista Inc.. Accessed: November 16, 2025. https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation. "Volume of Instant Payment Transactions (Ips) in Africa as of 2023, by System (in Millions)." Statista, Statista Inc., 22 Nov 2024, https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/
AfricaNenda Foundation, Volume of instant payment transactions (IPS) in Africa as of 2023, by system (in millions) Statista, https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/ (last visited November 16, 2025)
Volume of instant payment transactions (IPS) in Africa as of 2023, by system (in millions) [Graph], AfricaNenda Foundation, November 22, 2024. [Online]. Available: https://www.statista.com/statistics/1461336/volume-of-instant-payment-transactions-in-africa-by-system/
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