Skip to main content
Home
  • Announcements
  • L1P Guide
  • Resources
L1P Guide
  • Introduction
  • 1. Setting the Stage
  • 2. The Imperative of Scale
  • 3. Around the World
  • 4. A Closer Look
  • 5. Gender Impact
  • 6. Fraud Principles Report
  • 7. Glossary

IPS Are Proliferating

As of March 2023, 80+ domestic IPS globally and more in development.

On the African continent alone, in 2022 there were more than 40 domestic IPS in place or in development and in various stages of achieving inclusivity. Since 2018, IPS transaction volumes in Africa have experienced a 32% average annual increase.

IPS are Proliferating

Source of map content: The State of Instant and Inclusive Payment Systems (SIIPS) in Africa, 2022. https://www.africanenda.org/en/siips2022

We strongly believe in the potential for Africans to power the transformation of the continent. Access to payments systems and transaction accounts via instant payments is the first step for broader financial inclusion and self-empowerment. We recognize the progress to date in launching IPS on the continent and are committed to enabling the journey to full financial inclusion.

Dr. Robert Ochola: Chief Executive Officer AfricaNenda

Next Topic in this Section: Benefits of Inclusive IPS are Materializing

  • Contact Us
  • Terms of Use
  • Privacy and Cookies Notice
  • Be Aware of Fraudulent Activity
© 2025 Gates Foundation. All rights reserved.
The Level One Project is an initiative of the Gates Foundation.