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
Volume of instant payment system (IPS) transactions in Africa 2019-2024, by type
In 2024, the total volume of instant payment transactions in Africa reached **** billion transactions, representing a ** percent increase compared to 2023. Mobile money instant payments accounted for the largest share of transaction volume at **** billion transactions, followed by cross-domain instant payments at **** billion transactions, and bank instant payments at *** billion transactions. Between 2020 and 2024, the total volume of instant payment transactions grew at an average annual rate of ** percent.
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AfricaNenda Foundation. (November 21, 2025). Total volume of instant payment system (IPS) transactions in Africa from 2019 to 2024, by type [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1660986/annual-volume-of-instant-payment-transactions-in-africa-by-type/
AfricaNenda Foundation. "Total volume of instant payment system (IPS) transactions in Africa from 2019 to 2024, by type." Chart. November 21, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1660986/annual-volume-of-instant-payment-transactions-in-africa-by-type/
AfricaNenda Foundation. (2025). Total volume of instant payment system (IPS) transactions in Africa from 2019 to 2024, by type. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1660986/annual-volume-of-instant-payment-transactions-in-africa-by-type/
AfricaNenda Foundation. "Total Volume of Instant Payment System (Ips) Transactions in Africa from 2019 to 2024, by Type." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 21 Nov 2025, /statistics/1660986/annual-volume-of-instant-payment-transactions-in-africa-by-type/
AfricaNenda Foundation, Total volume of instant payment system (IPS) transactions in Africa from 2019 to 2024, by type ÌÇÐÄÆƽâ°æ, /statistics/1660986/annual-volume-of-instant-payment-transactions-in-africa-by-type/ (last visited July 31, 2026)
Total volume of instant payment system (IPS) transactions in Africa from 2019 to 2024, by type [Graph], AfricaNenda Foundation, November 21, 2025. [Online]. Available: /statistics/1660986/annual-volume-of-instant-payment-transactions-in-africa-by-type/
