Africa sees sustained growth in supply of instant payment systems: report

ADDIS ABABA, Nov. 9 (Xinhua) -- Africa sees sustained growth in both the supply of instant payment systems and demand for their functionality, according to a UN report.

The United Nations Economic Commission for Africa (UNECA) on Wednesday released the second edition of the annual State of Inclusive Instant Payment System (SIIPS) in Africa. The report said the achievement shows Africa's strong progress toward the aspirational goal of having comprehensive and inclusive instant payment systems as part of Africa's Digital Public Infrastructure (DPI), creating a seamless digital ecosystem for people, businesses, and governments.