Instant payments: An African market snapshot

Africa is seeing remarkable growth in the number of instant payment services offered to businesses and consumers. These solutions are transforming the financial landscape, driving inclusion, formalising informal economies, and enabling real-time transactions across banks and mobile wallets. However, the levels of maturity vary from market to market, driven by local needs and differing levels of technological adoption.

This research report examines the state of instant payments in South African and on the continent, focusing on current solutions and future opportunities.