Benin

BJ · BEN · 204AfricaXOF CFA17 methods

3 sources

Mobile money contributes more than 5% to Benin's GDP, reflecting deep integration in the economy.

~6M

online population

~38%

banked adults

~3%

credit card population

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryShare

Cash50%
Mobile Money42%
Bank Transfer5%
Card3%
Other0%

Methods in use

top 8 of 17

MethodType

All 17 methods in Benin →

Checkout behaviour

MTN Mobile Money and Moov Money are the leading providers.

Gozem acquired Moneex (Beninese fintech) and plans to expand mobile money services to Benin from Togo.

Facts

ISO 3166: BJ · BEN · 204
Region: Africa
Population: ~14M
Currency: XOF CFA
Banked adults: ~38%
Methods live: 17
Banks covered: 16

Largest banks

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Burundi Guinea Rwanda Zimbabwe

Sources

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