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Mozambique

MZ · MOZ · 508AfricaMZN MT16 methods

4 sources

Mobile money penetration exceeded 100% of the adult population by end of 2024 (multiple accounts per person).

~10M
online population
~33%
banked adults
~2%
credit card population
MixMethodsBehaviourBanksSourcesFacts

Payment mix

share of e-commerce spend
  • Cash50%
  • Mobile Money42%
  • Bank Transfer5%
  • Card2%
  • Other1%

Methods in use

top 8 of 16
All 16 methods in Mozambique →

Checkout behaviour

Three mobile wallets — M-Pesa, M-Kesh, and E-Mola — achieved full interoperability in 2022.

Non-banking agents (224,704 by 2023) vastly outnumber bank branches (4.1 per 100,000 adults vs. 1,246 non-banking agents).

Facts
ISO 3166
MZ · MOZ · 508
Region
Africa
Population
~34M
Currency
MZN MT
Banked adults
~33%
Methods live
16
Banks covered
24
Largest banks
Compare with
GhanaAngolaMadagascarCameroon
Sources
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