This report combines a cataloguing of IPS in Africa with consumer research in five countries (Cameroon, Malawi, Morocco, Rwanda and Senegal), insights from expert interviews across the continent, and detailed case studies from Malawi, Rwanda, Zambia, and the Economic and Monetary Community of Central Africa (CEMAC) region, to provide an overview of key trends, barriers, and opportunities for IPS in Africa.
Impact / Outcome
The four IPS case studies, three domestic and one regional, provide a closer examination of different origin stories, trajectories, and design components. The case studies on eKash (Rwanda), National Financial Switch (Zambia), Natswitch (Malawi), and GIMACPAY (CEMAC region) each include governance and technical insights as well as learnings on inclusivity.
Funding sources
Public/Private
Key Metrics
Over 400 million African adults are financially excluded. This points to the need to support the growth of DFS on the continent with investments in infrastructure, technology, technical skills, policy, and regulatory reforms, aimed at ensuring responsible access and usage of financial products and services.
Operating model
Public-private partnershipYear published
23 November 2023