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Mali

ML · MLI · 466AfricaXOF CFA16 methods

4 sources

Mali, Burkina Faso, and Niger are debating exiting the CFA franc zone, which could significantly impact mobile money infrastructure.

~8M
online population
~35%
banked adults
~2%
credit card population
MixMethodsBehaviourBanksSourcesFacts

Payment mix

share of e-commerce spend
  • Cash55%
  • Mobile Money38%
  • Bank Transfer5%
  • Card2%
  • Other0%

Methods in use

top 8 of 16
All 16 methods in Mali →

Checkout behaviour

Orange Money is the established mobile money leader; Wave is a fast-growing disruptor active in Mali.

FATF grey list status since 2021 has created compliance challenges for financial service providers.

Facts
ISO 3166
ML · MLI · 466
Region
Africa
Population
~24M
Currency
XOF CFA
Banked adults
~35%
Methods live
16
Banks covered
1
Banking groups present

Headquartered outside Mali. The catalogue has no bank headquartered here yet.

Compare with
Burkina FasoNigerMalawiZambia
Sources
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