Instant Payments Surge in Africa: New SIIPS Report Highlights Rapid Growth
Africa’s digital payments landscape is experiencing unprecedented growth, fueled by a drive towards more inclusive and interconnected financial systems. The recently released State of Inclusive Instant Payment Systems (SIIPS) 2025 Report, a collaborative effort by the AfricaNenda Foundation, the World Bank, and UNECA, reveals a rapidly expanding infrastructure poised to revolutionize economic participation across the continent. The findings were unveiled at a high-level event hosted by the Central Bank of Eswatini (CBE).
Key Findings of the SIIPS 2025 Report
The fourth edition of the SIIPS report serves as a crucial benchmark for assessing the progress of inclusive instant payment systems (IIPS) in Africa. The 2025 data indicates a significant increase in adoption, with 36 instant payment systems now operational across 31 African nations. This expansion signifies a tangible shift towards digital financial inclusion, offering faster, more efficient, and accessible payment solutions for individuals and businesses.
The SIIPS 2025 report underscores the accelerating momentum of Africa’s digital payments revolution. With a growing network of instant payment systems, the continent is paving the way for enhanced financial inclusion, fostering economic growth and empowering individuals through seamless and accessible financial transactions.
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