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Eritrea

ER · ERI · 232AfricaERN Nfk12 methods

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Eritrea has one of the lowest banking penetration rates in Africa; formal financial access is largely limited to urban Asmara.

~0.18M
online population
~15%
banked adults
~1%
credit card population
MixMethodsBehaviourFacts

Payment mix

share of e-commerce spend
  • Cash90%
  • Bank Transfer7%
  • Card2%
  • Other1%
  • Mobile Money0%

Methods in use

top 8 of 12 · by spend
All 12 methods in Eritrea →

Checkout behaviour

The economy is heavily state-controlled; private banking and foreign financial services are extremely restricted.

Himbol Financial Services is the government-authorised remittance channel connecting the large Eritrean diaspora in Europe, the US, and the Gulf to families at home.

Facts
ISO 3166
ER · ERI · 232
Region
Africa
Population
~3.5M
Currency
ERN Nfk
Banked adults
~15%
Methods live
12
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NigeriaChinaUnited StatesUnited Kingdom
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