Experts push for interlinked payments to boost Africa’s cross-border trade, remittances
Originally published by KBC Digital — Read the original article →
Experts have underscored the need for African countries to link their instant payment systems to make cross-border transactions faster, cheaper and more accessible, in a move expected to strengthen trade, investment and remittance flows across the continent.
According to the State of Inclusive Instant Payment Systems (SIIPS) Report 2025 published by AfricaNenda Foundation, in partnership with the World Bank and the United Nations Economic Commission for Africa, the number of African countries with instant payment systems supporting cross-border transactions increased from six in 2024 to 11 in 2025.
The report indicates that Africa has 36 live instant payment systems across 31 countries which reflecting digital financial growth in the continent.
