Burkina Faso

BF · BFA · 854AfricaXOF CFA16 methods

3 sources

Mobile money is central to financial inclusion in a country where formal banking penetration is low.

~7M

online population

~30%

banked adults

~2%

credit card population

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryShare

Cash57%
Mobile Money36%
Bank Transfer5%
Card2%
Other0%

Methods in use

top 8 of 16

MethodType

All 16 methods in Burkina Faso →

Checkout behaviour

Orange Money and Moov Money are the dominant platforms; Wave has been expanding into the market.

FATF grey list status since 2021 creates AML/CFT compliance challenges for financial institutions.

Facts

ISO 3166: BF · BFA · 854
Region: Africa
Population: ~23M
Currency: XOF CFA
Banked adults: ~30%
Methods live: 16
Banks covered: 17

Largest banks

Compare with

Mali Malawi Zambia Niger

Sources

Something out of date?

Every figure on this page carries a source. Corrections are reviewed within a week.

Edit this country →

Figures are compiled from public sources, may be estimates and are not advice. Report an error · How we source data

Logos are trademarks of their owners. Trademarks and takedown →