Nigeria has emerged as a continental leader in Africas fast-growing digital payments ecosystem, as instant payment systems across the continent processed transactions worth nearly 2 trillion in 2024, according to a new report.
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, show that Nigerias Instant Payments, NIP, is the first system in Africa to achieve "mature inclusivity", setting a benchmark for other countries.
