Thunes and Juniper logos above the title 'Interoperability Index: Cross-Border Payments in Africa' with a green Africa map and currency icons in a dark green background.

Report

Regional Interoperability Spotlight: Cross-Border Payments in Africa

Discover how account-to-account networks, mobile money hubs, and digital assets are transforming cross-border money movement across Sub-Saharan Africa and beyond. Thunes and Juniper Research explore the friction points that these new innovations present when sending and receiving money across borders.

Regional Interoperability Spotlight: Cross-Border Payments in Africa

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What’s inside?

Explore how Africa’s payment ecosystem is advancing rapidly with mobile-first and account-to-account (A2A) infrastructure. This installment in our Interoperability Index series with Juniper Research features deep dives into high-growth markets like Nigeria, Kenya, South Africa, and Egypt, exploring how multilateral hubs, open banking frameworks, and alternative mechanisms are overcoming high corridor costs:

  • Appetite for Digital Assets: Facing currency volatility and high corridor friction, 40% of international money senders surveyed in Nigeria use cryptocurrency platforms or stablecoins for cross-border transfers.
  • The A2A & Mobile Money Shift: Multi-rail behaviours dominate daily transactions: 67% of Nigerians conduct daily bank transfers, while mobile money drives financial inclusion and youth savings region-wide.
  • Addressing High Costs: Over 40% of transfers in key corridors incur fees exceeding 3%, directly impacting individuals relying on remittances.
  • Instant Settlement Demand: Over 70% of payment recipients in South Africa and Nigeria rank instant fund delivery as their top priority, making real-time payout capabilities essential for operators.
Table of contents page with green section headings and right-aligned page numbers. Cover page of a report: 'Regional Spotlight: Interoperability Index Report Africa' with Thunes and Juniper Research logos, a green skyline illustration, and a '1.1 Introduction' heading. White rounded text card on a pale page showing the title 'Regional Spotlight: Interoperability Index Report Africa' with Thunes x Juniper logos at the top and a green skyline at the bottom, conveying an informational article panel. Page from a regional report showing a 'Ranking' table of African countries with columns: Country, Regional rank, Global rank, Overall score (Kenya 1, Nigeria 2, South Africa 3, Egypt 4). Infographic titled 'Ranking Deep Dive' showing country rankings (Kenya, Nigeria, South Africa, Egypt) across five dimensions—Economic Health, Digital Infrastructure, Financial Inclusion, Cross-border Connectivity, Market Dynamics & Progress—with overall scores and Thunes × Juniper logos above.