Status
Operating at scale
Data Exchange System Name
Data Exchange System
Data Exchange System link
If a RTPS exists
Yes
Vision: PSP interoperability
Yes
Digital ID System Name
National digital Identity
ID System link
Name (Payment)
National Financial Switch (NFS),Regional TCIB for cross-border RTRPs,COMESA regional payment system
URL (Payment)
Region
Africa
# of participants
2023- 30
AML law
Yes
Bank participation in network
Yes
Centralised fraud management system?
Unknown
Consumer protection law
Yes
Governor
Central bank/ Financial regulator
Instant settlement system/ platform
No
Non-bank participation in network
Yes
Notes
High transaction volume and high (17) participation
Offline transactions
Unknown
Operator
Banking associationCentral bankCentral bank
QR-based transactions
Unknown
Reporting forum/ website/ form
Unknown
Rules: data handling rules for PSPs, users
Yes
Rules: data leak notifications
No
Rules: participation conditions
Yes
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
Transaction cost
Unknown
Transaction types
P2P
P2B
B2PMerchant payments
Trade transactions
Value (Year-USD)
2021- USD 610 M
Volume (Year- Volume)
2021- 25 M