Ghana leads Africa in instant payment systems interoperability
Ghana has emerged as the only African country with fully interoperable multiple instant payment systems (IPS), according to KPMG’s 2024 West Africa Banking Industry Customer Experience Survey. The country outperforms regional peers such as Morocco, South Africa, Egypt, Nigeria, Kenya, and Tanzania in digital payment integration. The State of Inclusive Instant Payment Systems in Africa Report 2024 highlights that Africa has 28 IPS spread across 20 countries, with only seven nations operating multiple IPS. However, Ghana stands out as the only country where these systems are fully interoperable, allowing seamless fund transfers between different platforms. Ghana operates two key IPS:...
