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Africa
Asia
Caribbean
Latin America
Africa
| Country | Name (Payment) | URL (Payment) | If a RTPS exists | Status | Operator | Governor | Transaction types | Vision: PSP interoperability | Volume (Year- Volume) | Value (Year-USD) | Non-bank participation in network | # of participants |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | Unknown | NA | NA | NA | NA | ||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | Unknown | NA | NA | NA | NA | ||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | Unknown | NA | NA | NA | NA | ||
Unknown domestic IPS/ only regional IPS | No | Piloted or planned | NA | NA | NA | NA | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | Unknown | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown domestic IPS/ only regional IPS | No | Piloted or planned | NA | NA | NA | NA | NA | NA | NA | NA | ||
Unknown domestic IPS/ only regional IPS | No | Piloted or planned | NA | NA | NA | NA | NA | NA | NA | NA | ||
Unknown domestic IPS/ only regional IPS | No | Piloted or planned | NA | NA | NA | NA | NA | NA | NA | NA | ||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | Unknown | NA | NA | NA | NA | ||
Unknown domestic IPS/ only regional IPS | No | Piloted or planned | NA | NA | NA | NA | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown domestic IPS/ only regional IPS | No | Piloted or planned | NA | NA | NA | NA | NA | NA | NA | NA | ||
Système de Règlement Automatisé de Djibouti (SYRAD),Unknown domestic IPS/ only regional IPS | Yes | Piloted or planned | Central bankNA | Central bank/ Financial regulator | UnknownNA | Unknown | Unknown,NA | Unknown,NA | YesNA | Unknown,NA | ||
InstaPay + IPIN,Meeza Digital | Yes | Operating at scale | Central bankCentral bank | Central bank/ Financial regulator | P2P
G2PP2P
P2M | Yes | Unknown,?- 255 M | 2022- 1% of GNI,Unknown | NoYes | 27,24 | ||
Unknown domestic IPS/ only regional IPS | No | Piloted or planned | NA | NA | NA | NA | NA | NA | NA | NA | ||
Domestic IPS (in development),CBDC (in development),SWIPSS (Swaziland Interbank and Settlement System) and ECH (Eswatini Clearing House) | No | Piloted or planned | NANACentral bank | NA | NANAP2M
B2B | Yes | NA,NA,Unknown | NA,NA,Unknown | NANAYes | NA,NA,Unknown | ||
EthSwitch | Yes | Operating at scale | Banking association | Central bank/ Financial regulator | P2P
P2M | Yes | 2023- 14 M | ?- USD 1.5 B | Yes | Unknown | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown domestic IPS/ only regional IPS | No | Piloted or planned | NA | NA | NA | NA | NA | NA | NA | NA | ||
Gamswitch | Yes | Piloted or planned | Banking association | Central bank/ Financial regulator | P2P
P2G
P2B | Unknown | Unknown | Unknown | Yes | 2023- 12 | ||
GhIPSS Instant Pay,Ghana Mobile Money Interoperability (MMI),CBDC (eCedi) | Yes | Operating at scale | Central bankCentral bankCentral bank | Central bank/ Financial regulator | P2P
B2BP2P
P2MUnknown | Yes | 2021- 37 M,2021- 4 B,Unknown | 2021- USD 2 B,2021- USD 82 B,Unknown | YesYesUnknown | 2023- 52,2023- 5,Unknown | ||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | No | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
PesaLink,MPesa (Mobile Money) | Yes | Operating at scale | Banking associationCommercial bank/ Private PSP | Central bank/ Financial regulator | P2P
B2B
G2PP2P
P2M | No | 2023- 16 M,Unknown | 2023- USD 15 K,?- USD 1 B daily | NoYes | ?- 32,?- 972 K merchants | ||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | Yes | NA | NA | NA | NA | ||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | Unknown | NA | NA | NA | NA | ||
Domestic IPS (in development),Mobile Money | No | Piloted or planned | NACommercial bank/ Private PSP | NA | NAP2P
P2M | Unknown | NA,Unknown | NA,2020- USD 639 M | NAYes | NA,2023- 10 M accounts | ||
Nat Switch | Yes | Operating at scale | Banking association | Central bank/ Financial regulator | P2P
P2M | Unknown | 2022- 11.5 M | 2022- USD 312 M | Yes | 2023- 13 | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | Unknown | NA | NA | NA | NA | ||
MauCAS (Mauritius Central Automated Swtich) | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M | No | 2021- 467 K | 2021- USD 30 M | Yes | 2023- 14 | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Marocpay,Virement Instantané | Yes | Operating at scale | Commercial bank/ Private PSPCentral bank | Central bank/ Financial regulator | P2P
P2MUnknown | Unknown | 2019- 767 K | 2020- 1.4 million transactions (mWallets), valued at about $44.25 M. 51% of these carried out through m-wallets issued by payment institutions (against 49 percent by m-wallets backed by bank accounts). # of wallets has increased 153 percent between 2019 and 2020, transaction volumes have remained low (USAID, 2022),2019- USD 66 M | YesNo | ?- 23,?- 19 | ||
Domestic IPS (in development),SIMO Rede | No | Piloted or planned | NABanking association | NA | NAP2P
P2M | Yes | NA,2021- 56 M | NA,2021- USD 3.2 B | NAYes | NA,2023- 22 | ||
Nampay | Yes | Piloted or planned | Banking association | Central bank/ Financial regulator | P2P
B2B | Yes | Unknown | Unknown | Yes | 2023- 9 | ||
Unknown | NA | Does not exist | Unknown | Unknown | Unknown | Unknown | Unknown | Unknown | Unknown | Unknown | ||
NIBSS Instant Payment (NIP),Mobile Money,CBDC (eNaira) | Yes | Operating at scale | Central bankCommercial bank/ Private PSPCentral bank | Central bank/ Financial regulator | P2P
P2B
P2G
G2P
B2B
B2PP2P
P2MP2P
P2M | Yes | 2021- 3,473 B,2021- 284 M,2021- 34 K | 2021- USD 655,040 B,2021- USD 17 B,2021- USD 448 K | YesYesNo | 2023- 230+,2023- 21,2023- 33 | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
eKash/ Rwanda National Digital Payment System | Yes | Operating at scale | Banking association | Central bank/ Financial regulator | P2P
P2M | Yes | Unknown | Unknown | Yes | 2023- 2 | ||
Unknown | NA | Does not exist | Unknown | Unknown | Unknown | Unknown | Unknown | Unknown | Unknown | Unknown | ||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | Unknown | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | No | NA | NA | NA | NA | ||
Somalia National Payment System | Yes | Piloted or planned | Central bank | Central bank/ Financial regulator | P2P | Unknown | Unknown | Unknown | No | 2023- 9 | ||
Domestic IPS | Yes | Piloted or planned | NA | NA | NA | No | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Domestic IPS (in development) | No | Piloted or planned | NA | NA | NA | Unknown | NA | NA | NA | NA | ||
TIPS (Tanzania Instant Payment System) | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M | Yes | Unknown | Unknown | Yes | 2023- 5 | ||
Novissi | No | Does not exist | Other | Central bank/ Financial regulator | G2PBulk transfers | No | NA | NA | No | Unknown | ||
Domestic IPS (in development),Mobile money IPS | No | Piloted or planned | NACommercial bank/ Private PSP | NA | NAP2P
P2M | Unknown | NA,Unknown | NA,Unknown | NAYes | NA,?- 3 | ||
Domestic IPS (in development),Mobile Money | Yes | Piloted or planned | NACommercial bank/ Private PSP | NA | NAP2P
P2M | Yes | NA,2021- 4 B | NA,2021- USD 36 B | NAYes | NA,2023- 7 | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
National Financial Switch (NFS) | Yes | Operating at scale | Banking association | Central bank/ Financial regulator | P2P
P2B
B2P | Yes | 2021- 25 M | 2021- USD 610 M | Yes | 2023- 30 | ||
Zimswitch Instant Payment Interchange Technology (ZIPIT) | Yes | Operating at scale | Banking association | Central bank/ Financial regulator | P2P
P2B
P2G
G2P
B2B
B2P | No | Unknown | Unknown | Yes | 2023- 20 |
Asia
| Country | Name (Payment) | URL (Payment) | If a RTPS exists | Status | Operator | Governor | Transaction types | Vision: PSP interoperability | Volume (Year- Volume) | Value (Year-USD) | Non-bank participation in network | # of participants |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mobile money/ Banking cards | No | Does not exist | NA | NA | NA | Yes | NA | NA | NA | NA | ||
Interoperable Digital Transaction Platform (IDTP)/ Binimoy | Yes | Piloted or planned | Central bank | Central bank/ Financial regulator | P2P
P2M
B2B | Yes | Unknown | 2023- 14 orgs (banks, mobile money operators, payment service provider) Mobile money operations- 180 M accounts, sending USD 270 M daily (?) | Yes | 2023- 14 orgs (banks, mobile money operators, payment service provider) | ||
BIPS (Bhutan Instant Payment System)/ Bhutan QR | Yes | Operating at scale | Central bankBanking association | Central bank/ Financial regulator | P2P
P2M
B2B | Yes | 2023- 99.52 M | 2023- 1.07 B | No | 2023- 6 financial institutions | ||
Instant Payment System/ Payment Hub | Yes | Operating at scale | Banking association | Central bank/ Financial regulator | P2P
P2M | Yes | Unknown | Unknown | Yes | Unknown | ||
Bakong Payment Gateway | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M | Yes | 2023- 1.7 B | 2023- 492 B | Yes | 2024- 70 institutions; 10 M accounts | ||
Unified Payment Interface (UPI) | Yes | Operating at scale | Banking association | Central bank/ Financial regulator | P2P
P2M
B2B
P2G | Yes | 2024- 14K M | 2024- 24 B | Yes | 2024- 598 | ||
BI-FAST | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M
B2B | Unknown | 2022- 2.1 B | 2022- 450 M | Yes | 2022- 106 | ||
Pol (Interbank Payment Network) | Yes | Piloted or planned | Central bank | Central bank/ Financial regulator | P2P
P2M | Unknown | 2022- 9K transactions a day | 2022- 9000 transactions a day worth $51 M | Unknown | Unknown | ||
Interbank payment system,CBDC (Digital Lao Kip) | Yes | Operating at scale | Central bankBanking associationCentral bank | Central bank/ Financial regulator | P2P
P2M
B2BP2P
P2M | No | Unknown,Unknown | Unknown,Unknown | UnknownNo | Unknown,Unknown | ||
Real-Time Retail Payments Platform (RPP) | Yes | Does not exist | Banking association | Central bank/ Financial regulator | P2P
P2M
B2B | Unknown | Unknown | Unknown | Yes | 2020- 36 | ||
Favara | Yes | Piloted or planned | Central bank | Central bank/ Financial regulator | P2P
P2M | Yes | Unknown | Unknown | Yes | Unknown | ||
PayPlus,WynePay | Yes | Piloted or planned | Central bankOther | Central bank/ Financial regulator | P2P
P2MB2B
B2P | Yes | Unknown,Unknown | Unknown,Unknown | YesYes | Unknown,2023- 36 | ||
connectIPS/ NEPAL PAY | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M
B2B
G2P
P2G | Yes | Unknown | Unknown | Yes | ?- 51 | ||
Raast | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M | Yes | Unknown | 2023- 3.09 B | Yes | 2021- 30 banks | ||
PhilPaSS,InstaPay,Higala | Yes | Operating at scale | Central bankBanking associationCommercial bank/ Private PSP | Central bank/ Financial regulator | P2P
P2M
B2BP2PP2P
P2M
B2B | Yes | 2024- 767 K,2022- 55 M,Unknown | 2024- 127 K,2022- 6.5 B,Unknown | YesYesYes | Unknown,2023- 79,Unknown | ||
PayNow | Yes | Operating at scale | Banking association | Central bank/ Financial regulator | P2P
P2M
B2B
G2P
P2G | Yes | 2022- 311 M | 2022- 91K B | Yes | ?- 26 | ||
CEFTS (Common Electronic Fund Transfer Switch) | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M | Unknown | Unknown | Unknown | No | Unknown | ||
PromptPay | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M
B2B
G2P
P2G | No | 2022- 416 M | 2022- 14.8 B | No | Unknown | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | NA | ||
Interbank Electronic Payment System (IBPS) | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
B2B | Unknown | Unknown | Unknown | No | Unknown |
Caribbean
| Country | Name (Payment) | URL (Payment) | If a RTPS exists | Status | Operator | Governor | Transaction types | Vision: PSP interoperability | Volume (Year- Volume) | Value (Year-USD) | Non-bank participation in network | # of participants |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Private mobile money | Yes | Piloted or planned | NA | NA | NA | No | NA | NA | NA | NA | ||
I-Pago | Yes | Piloted or planned | Central bank | Central bank/ Financial regulator | P2P | Unknown | Unknown | Unknown | No | 5 | ||
CBDC (Sand Dollar) | Yes | Piloted or planned | Central bank | Central bank/ Financial regulator | P2P
P2M | NA | 2023- >100 K wallets | 2023- almost 0.2% of BHD in circulation | NA | NA | ||
Inter-bank payment systems/ Private mobile wallets | Yes | Operating at scale | NA | NA | NA | NA | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Inter-bank payment systems/ Private mobile wallets | Yes | Operating at scale | NA | NA | NA | NA | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Inter-bank payment systems/ Private mobile wallets | Yes | Operating at scale | NA | NA | NA | NA | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
CBDC (Jam-DEX) + Digital Wallets (Lynk, National Commercial Bank, Jamaica National) | Yes | Piloted or planned | Central bank | Central bank/ Financial regulator | P2P
P2M | Yes | Unknown | 2022- 2.2 M USD | Yes | 2023- 200K users, 10K merchants | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Inter-bank payment systems/ Private mobile wallets | Yes | Operating at scale | NA | NA | NA | NA | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Private mobile wallets | Yes | Operating at scale | NA | NA | NA | NA | NA | NA | NA | NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
GovPay TT,Private mobile wallets | No | Piloted or planned | OtherNA | Central bank/ Financial regulator | P2GNA | Unknown | Unknown,NA | Unknown,NA | NoNA | Unknown,NA | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA |
Latin America
| Country | Name (Payment) | URL (Payment) | If a RTPS exists | Status | Operator | Governor | Transaction types | Vision: PSP interoperability | Volume (Year- Volume) | Value (Year-USD) | Non-bank participation in network | # of participants |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sistema Nacional de Pagos – Transferencias | Yes | Operating at scale | Commercial bank/ Private PSP | Central bank/ Financial regulator | P2P
P2M
B2B | Yes | 2022- 7816 M | 2022- USD 2064 B | Yes | 2022- 68 | ||
Interbank payment system APSSS,E-kyash | Yes | Operating at scale | Central bankCommercial bank/ Private PSP | Central bank/ Financial regulator | B2BP2P
P2M | No | 2024- 270 K,2022- 42 K users | 2024- USD 45 M,Unknown | NoNo | Unknown,1 | ||
QR BCB/ $imple | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | Remittances
Bulk transfer
Merchant payments
Cash deposit + withdrawal | Yes | Unknown | So far only accessible to accounts under Central Bank but meant to be interoprable among all bank and non bank financial institutions | No | Unknown | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Pix | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M | Yes | 2022- 20354 M | 2022- USD 1834 B | Yes | 2022- 792 | ||
Transferencias en Línea (TEF) | Yes | Operating at scale | Commercial bank/ Private PSP | Central bank/ Financial regulator | P2P
P2M | Unknown | 2019- 529 M | Launched in 2008 with steady growth in transaction volumes (CAGR 21.24% in last 5 years) | Yes | 2021- 14 | ||
(In development) interoperable instant payment system | Yes | Operating at scale | NA | Central bank/ Financial regulator | NA | Yes | NA | NA | Yes | NA | ||
Sinpe (National System of Electronic Payments) | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M
P2G | Unknown | 2021- 230 M | 2020- USD 1.6 B | Yes | Unknown | ||
Mobile Money/ Inter-bank payment system | Yes | Operating at scale | NA | NA | NA | Unknown | 2022- USD 20.34 B | 2022- 70.6 M | NA | NA | ||
Transfer 365 + Chivo Wallet (CBDC) | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
B2B
G2P | Unknown | 2022- 7.79 M | 2022- USD 9.7 M | Yes | 2021- 26 banks | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Mobile Money + Inter-bank payment system | Yes | Operating at scale | NA | NA | NA | No | NA | NA | NA | NA | ||
CBDC (In discussion) + Agent-based digital transfers + Private mobile wallet | No | Piloted or planned | NA | NA | NA | NA | NA | NA | NA | NA | ||
Interbank Electronic Payment System (SPEI) (Platform) + CoDI (request to pay interface) | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
B2B
P2M
G2P | Yes | 2022- 2792 M | 2022- USD 16201 B | Yes | 2022- 85 | ||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Unknown | NA | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
SIPAP (Sistema de Pagos de Paraguay) | Yes | Operating at scale | Central bank | Central bank/ Financial regulator | P2P
P2M
B2B | Yes | Unknown | Unknown | No | Unknown | ||
Interoperable mobile wallet + Potential CBDC | Yes | Operating at scale | Banking association | Central bank/ Financial regulator | NA | Yes | Unknown | Unknown | Yes | 2024- 3 | ||
Unknown | No | Unknown | NA | NA | NA | NA | NA | NA | NA | |||
Card payment/ agent-based digital payment/ internet banking | Yes | Operating at scale | NA | NA | NA | NA | NA | NA | NA | NA | ||
Card payment/ agent-based digital payment/ internet banking | Unknown | Operating at scale | NA | NA | NA | NA | NA | NA | NA | NA | ||
Unknown | Yes | Unknown | NA | NA | NA | NA | NA | NA | NA |