2021 Middle East & Africa Real-Time Payments Trend Report

By on August 25, 2021 0

DUBLIN, August 25, 2021– (BUSINESS WIRE) – The report “2021 Key Trends in the Payments Industry: Real-time Payments in the Middle East and Africa” ​​has been added to ResearchAndMarkets.com offer.

Real-time payment systems in the Middle East region can still be improved

According to the figures cited in this report, in general, the Middle East has seen growth in terms of payment values ​​and volumes through local real-time payment systems in 2020. However, many of their solutions are yet to be found. in near real time, and some, like Israel’s Zahav, are not available 24/7.

Nonetheless, the lockdown in the first half of 2020 brought significant positive changes in the number and value of near real-time transactions for some countries and year-over-year growth rates have increased sharply. This was true, for example, for the UAE’s immediate payment (IP) system, which launched in 2019.

Another example is Egypt, which experienced unusually high numbers at the start of the lockdown, with growth rates falling sharply towards the end of 2020.

During the health crisis, some countries in the Middle East and Africa have seen a rapid increase in real-time payments, however, some are still lagging behind

Outside of South Africa, the clear leader in Africa’s payments industry, other economies in the region have posted positive numbers in transfers through real-time gross settlement systems.

For example, in November 2020, Namibia overtook South Africa in terms of value per transaction made through SADC, the regional cross-border RTGS for countries in southern Africa.

In addition, Ghana’s real-time payment solution, GhIPSS Instant Pay (GIP), saw an almost six-fold increase in year-on-year transaction volume during the first half of 2020. Nigeria was another example of ‘a considerable rate of real-time payments. adoption as a payment volume via RTGS accounted for around half of total electronic payments between January and August 2020.

Main topics covered:

1. Global


  • Profile of UAEFTS and IPI real-time payment systems, January 2021

  • UAEFTS transfer values, by transfer source, in billions of AED, January 2020 – September 2020

3. Israel

4. Saudi Arabia

  • Riyal Interbank Express (SARIE) system payment value, in billions of SAR, and volume, in millions, December 2019 – November 2020

5. Jordan

6. Oman

7. Egypt

  • Real-Time Gross Settlement System (RTGS) Payments, Volume, Value, Billion EGP, Month-to-Month Value Growth Rate,%, January 2020 – December 2020

  • Value of payments in the Real-Time Gross Settlement System (RTGS), in billions of EGP, and year-over-year change, in%, 2009 – 2020

8. Bahrain

  • Near Real-Time Electronic Funds Transfer (EFTS) System Profile, January 2021

  • Near real-time gross settlement system payments, volumes and values, in billions of BHD, by source of transactions, November 2019 and October 2020 and November 2020

  • Breakdown of payments via EFTS, by type of service, November 2020

9. Southern Africa

  • SADC-RTGS System Profile, January 2021

  • Payments via SADC-RTGS system, incl. Volume, value, ZAR billion, November 2019 – November 2020

  • Transactions via SADC-RTGS system, incl. Number of participating banks, volumes and values, in ZAR million, by country, incl. Angola, Botswana, DRC, Estwani and Lesoto, November 2020

10. South Africa

  • Real Time Clearing System (RTC) Transactions, Volume, Value, ZAR Billion, December 2019 – November 2020

11. Nigeria

  • Industry electronic payment volumes and values, in NGN billion, by transaction channel, January 2020 – August 2020

12. Morocco

  • Transactions via the SRBM System, Values ​​and Volumes, in MAD billion, 2018 & 2019

13. Ghana

  • GhiPSS Instant Pay (GIP) System Profile, January 2021

  • Transactions via the GhiPSS Instant Pay (GIP) system, Volume, in thousands, and Value, in millions of GHC, October 2019, December 2019, March 2020 – October 2020

14. Kenya

  • Kenya Electronic Payment and Settlement System (KEPSS) transactions, volume, in thousands, and values, in billions of KES, November 2019 – October 2020

15. Namibia

Companies mentioned

For more information on this report, visit https://www.researchandmarkets.com/r/3p73a5

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210825005441/en/


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