Payment methods in Benin

Africa

3methods

2banks

Mobile money contributes more than 5% to Benin's GDP, reflecting deep integration in the economy.

Market takeaways

Mobile money contributes more than 5% to Benin's GDP, reflecting deep integration in the economy.
MTN Mobile Money and Moov Money are the leading providers.
Gozem acquired Moneex (Beninese fintech) and plans to expand mobile money services to Benin from Togo.
Approximately 20–21 fintech startups operate in Benin, with a focus on digital payments and remittances.
Benin is part of the WAEMU regional instant payment system shared with seven other West African nations.

Population

~14M

Online population

~6M

Banked population

~38%

Mobile Money Penetration

~45% of adults

Credit card population

~3%

Payment method breakdown

Cash50%
Mobile Money42%
Bank Transfer5%
Card3%
Other0%

Card scheme breakdown

Visa55%
Mastercard40%
Local Schemes5%
Other0%

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Benin

Popular options based on coverage and prominence in this market.

Gozem Pay

Gozem is a pan-African super app (ride-hailing, delivery, fintech) expanding its mobile money services into Benin following the acquisition of Moneex. It targets urban consumers with an integrated app experience combining transport, deliveries, and digital payments.

MTN Mobile Money

MTN MoMo is the leading mobile money service in Eswatini, offering P2P transfers, merchant payments, bill payments, airtime top-up, and savings products. It is the primary digital financial tool for the unbanked population and is widely used even by banked consumers for everyday payments. MTN Eswatini has the largest mobile subscriber base in the country.

Moov Money

Moov Money is the mobile financial service of Moov Africa's Burkinabè subsidiary, offering transfers, bill payments, and airtime top-up services. It competes with Orange Money, particularly in areas with Moov telecom coverage.