Africa’s payments landscape

Africa’s payments landscape is on the brink of a significant transformation, driven by modernisation and hyper-digitalisation. Over the next several years, the continent's payment systems will evolve, impacting transactions across organisations, institutions, and individuals. In our latest paper, we delve into how regulators are fostering an inclusive and resilient payments ecosystem, laying the groundwork for growth through comprehensive Digital Public Infrastructure (DPI).

The findings from the 2024/2025 African Financial Industry Barometer reveal a mix of optimism and caution among financial institutions. While 72% of respondents have a positive outlook, notable disparities exist between the confidence levels of fintech firms and traditional banks. The paper highlights pressing concerns such as inflation and the need for regulatory frameworks that adapt to innovations in digital finance.

As we look at global examples, we examine the Reserve Bank of India’s successful initiatives, which have revolutionised the nation’s financial system. This provides valuable lessons for South Africa, where the South African Reserve Bank (SARB) is taking proactive steps towards modernisation with the Payments Ecosystem Modernisation (PEM) Programme. This initiative seeks to create fast, secure, and inclusive digital payment solutions for all South Africans.

To explore these insights and many more, download our comprehensive paper. Gain a deeper understanding of the strategic initiatives shaping the future of payments in Africa.