Figures prior to 2020 were collected from previous publications by the source.
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 four IPS around Africa. In the most recent edition (2025), the source adds that volume and value data were unavailable for four of the new systems - Switch Mobile (Algeria), LYPay (Libya), Salon Pement Swich (Sierra Leone), and SIPS (Somalia) - and no data was received from PAPSS (continent‑wide). Volume data was available for SIMO (Mozambique), but value data was not; therefore, their transaction data is not included in the analysis. As a result, these calculations include 30 IPS. Since eNaira (Nigeria) is the only sovereign digital currency IPS, and its data are included in the NIP (Nigeria) data, sovereign digital currency IPS are excluded from the IPS performance analysis.
Citation formats
Value of instant payment system (IPS) transactions in Africa 2019-2024, by type
In 2024, the total value of instant payment transactions in Africa reached *** trillion U.S. dollars, representing a **** percent increase compared to 2023. Cross-domain instant payment systems accounted for the largest share of transaction value at *** trillion U.S. dollars, followed by mobile money instant payments at *** billion U.S. dollars, and bank instant payments at *** billion U.S. dollars. Between 2020 and 2024, the total value of instant payment transactions grew at an average annual rate of ** percent. Bank instant payments recorded the strongest year-on-year growth in 2024 at ** percent, outnpacing both cross-domain and mobile money instant payments.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
AfricaNenda Foundation. (November 21, 2025). Total value of instant payment system (IPS) transactions in Africa from 2019 to 2024, by type (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/1660985/annual-value-of-instant-payment-transactions-in-africa/
AfricaNenda Foundation. "Total value of instant payment system (IPS) transactions in Africa from 2019 to 2024, by type (in billion U.S. dollars)." Chart. November 21, 2025. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/1660985/annual-value-of-instant-payment-transactions-in-africa/
AfricaNenda Foundation. (2025). Total value of instant payment system (IPS) transactions in Africa from 2019 to 2024, by type (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1660985/annual-value-of-instant-payment-transactions-in-africa/
AfricaNenda Foundation. "Total Value of Instant Payment System (Ips) Transactions in Africa from 2019 to 2024, by Type (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 21 Nov 2025, /statistics/1660985/annual-value-of-instant-payment-transactions-in-africa/
AfricaNenda Foundation, Total value of instant payment system (IPS) transactions in Africa from 2019 to 2024, by type (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1660985/annual-value-of-instant-payment-transactions-in-africa/ (last visited August 01, 2026)
Total value of instant payment system (IPS) transactions in Africa from 2019 to 2024, by type (in billion U.S. dollars) [Graph], AfricaNenda Foundation, November 21, 2025. [Online]. Available: /statistics/1660985/annual-value-of-instant-payment-transactions-in-africa/
