Rwanda

RW · RWA · 646AfricaRWF FRw17 methods

4 sources

Rwanda has achieved 96% financial inclusion, one of the highest rates on the continent.

~9M

online population

~96%

banked adults

~3%

credit card population

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryShare

Mobile Money55%
Cash25%
Bank Transfer12%
Card6%
Other2%

Methods in use

top 8 of 17

MethodType

All 17 methods in Rwanda →

Checkout behaviour

Mobile money active users grew 47% between 2019 and 2024, with women's adoption rising 60%.

MTN Mobile Money and Airtel Money hold over 70% combined market share.

Facts

ISO 3166: RW · RWA · 646
Region: Africa
Population: ~14M
Currency: RWF FRw
Banked adults: ~96%
Methods live: 17
Banks covered: 15

Largest banks

Compare with

Benin Burundi Guinea Zimbabwe

Sources

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