Nigeria’s and other Africa’s digital payments landscape is expanding at a record pace, marking a turning point towards more inclusive interoperable financial systems.
According to a report obtained at the weekend, 36 systems are now live across 31 African countries, with five launched over the past year. Collectively, they processed 64 billion transactions worth nearly $2trillion last year, underscoring Africa’s rapid transition to digital finance.
The State of Inclusive Instant Payment Systems (SIIPS) 2025 Report, released by the AfricaNenda Foundation, in partnership with the World Bank and the United Nations Economic Commission for Africa (UNECA), reveals how instant payment systems (IPS) are driving economic participation, innovation, and opportunity across the continent.
