Mali

ML · MLI · 466AfricaXOF CFA15 methods

Revised · 4 sources

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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

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryLeading methodShare

Cash—55%
Mobile MoneyGoogle Pay38%
Bank Transfer—5%
CardVisa2%
Other—0%

Methods in use

top 8 of 15 · by spend

MethodTypeShare

All 15 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: 15
Banks covered: 1

Largest banks

Compare with

Nigeria China United States United Kingdom

Sources

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