Africa: instant payment transaction value 2022

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In 2022, nearly 1.2 trillion U.S. dollars were transferred via instant payment systems on the African continent. This was an increase from 861 billion U.S. dollars in the previous year. Between 2018 and 2022, a significant increase in the volume of transactions occurred, corresponding to an increase in value as well. According to the source, instant payments refer to transactions across domains and through banks, mobile money, and sovereign currency.

Value of instant payment transactions in Africa from 2018 to 2022 (in billion U.S. dollars)

Characteristic	Transaction value in billion U.S. dollars
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Release date

November 2023

More information

Region

Africa

Survey time period

2018 to 2022

Special properties

retail; instant payment systems (IPS)

Supplementary notes

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.

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