Africa: share of instant payment systems 2022

As of 2022, mobile money instant payment systems (IPS) were the most used in comparison to other IPS in Africa, amounting to 35 percent. On the other hand, sovereign currency IPS had a share of only four percent. According to the source, instant payment systems refer to transactions across domains and through banks, mobile money, and sovereign currency.

Distribution of domestic instant payment systems (IPS) in Africa as of 2022, by type

Characteristic	Share of IPS
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Release date

November 2022

More information

Region

Africa

Survey time period

June 2022

Special properties

retail; domestic IPS

Supplementary notes

The source defines Instant Payment Systems (IPS) as those that allow digital push payments through set procedures, making final funds available to the payee in the nearest real-time.

Considered countries comprise the following regions:
East Africa: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Mauritius, Rwanda, Seychelles, Somalia, South Sudan, Sudan, Tanzania, and Uganda.

Southern Africa: Angola, Botswana, Eswatini, Lesotho, Malawi, Mozambique, Namibia, South Africa, Zambia, and Zimbabwe.

ECOWAS (West Africa): Benin, Burkina Faso, Cabo Verde, Côte d’Ivoire, the Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo.

North Africa: Algeria, Egypt, Libya, Mauritania, Morocco and Tunisia.

Central Africa: Cameroon, Central African Republic, Chad, Congo Republic, the Democratic Republic of the Congo, Equatorial Guinea, Gabon, and São Tomé and Príncipe.

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