Togo

TG · TGO · 768AfricaXOF CFA17 methods

Revised · 3 sources

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Togo's mobile money market is a duopoly: TMoney (61%) and Flooz (39%).

~4M

online population

~35%

banked adults

~3%

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 17 · by spend

MethodTypeShare

All 17 methods in Togo →

Checkout behaviour

Togo's Q1 2024 mobile money transaction value reached US$1.54 billion.

Mobile money tax was reduced from 18% to 10% in 2024 to stimulate digital payment growth.

Facts

ISO 3166: TG · TGO · 768
Region: Africa
Population: ~9M
Currency: XOF CFA
Banked adults: ~35%
Methods live: 17
Banks covered: 1

Largest banks

Compare with

Nigeria China United States United Kingdom

Sources

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