Volume of instant payment transactions (IPS) in Africa 2022, by system
Based on a survey, mobile money instant payment systems (IPS) contributed the most to the total volume of IPS in Africa. In 2022, nearly 26 billion mobile money IPS transactions were registered across the continent. Cross-domain IPS counted around five 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.