Angola

AO · AGO · 024AfricaAOA Kz20 methods

Revised · 4 sources

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Financial inclusion rose from 32% in 2019 to 47% in 2023, driven by mobile payments and fintech.

~16M

online population

~47%

banked adults

~5%

credit card population

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryLeading methodShare

Cash—55%
Mobile PaymentGoogle Pay25%
CardVisa12%
Bank Transfer—7%
Other—1%

Methods in use

top 8 of 20 · by spend

MethodTypeShare

All 20 methods in Angola →

Checkout behaviour

Mobile POS payments are the largest digital payments segment, projected at US$5.55B in 2024.

The government and Banco Nacional de Angola (BNA) are introducing supportive regulatory frameworks for fintech.

Facts

ISO 3166: AO · AGO · 024
Region: Africa
Population: ~36M
Currency: AOA Kz
Banked adults: ~47%
Methods live: 20
Banks covered: 32

Largest banks

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Sources

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