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Can Africa’s $2tn instant payments boom transform its digital economy?

Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash

Kent Mensah

Kent Mensah is a seasoned Ghanaian journalist with a two-decade career spanning global media networks.

Africa’s instant payments have surged to $1.98tn, reshaping digital finance as new real-time systems spread across the continent.

Africa’s instant payments ecosystem is expanding at unprecedented speed, reaching $1.98 trillion in value in 2024 as real-time financial infrastructure reshapes markets, accelerates inclusion and deepens economic participation.

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