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Togo

TG · TGO · 768AfricaXOF CFA18 methods

3 sources

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

~4M
online population
~35%
banked adults
~3%
credit card population
MixMethodsBehaviourBanksSourcesFacts

Payment mix

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

Methods in use

top 8 of 18
All 18 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
18
Banks covered
1
Banking groups present

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

Compare with
Sierra LeoneSouth SudanRepublic of CongoBenin
Sources
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