Benin

BJ · BEN · 204AfricaXOF CFA15 methods

Revised · 3 sources

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

~6M

online population

~38%

banked adults

~3%

credit card population

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryLeading methodShare

Cash—50%
Mobile MoneyGoogle Pay42%
Bank Transfer—5%
CardVisa3%
Other—0%

Methods in use

top 8 of 15 · by spend

MethodTypeShare

All 15 methods in Benin →

Checkout behaviour

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.

Facts

ISO 3166: BJ · BEN · 204
Region: Africa
Population: ~14M
Currency: XOF CFA
Banked adults: ~38%
Methods live: 15
Banks covered: 16

Largest banks

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Sources

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