Payment methods in Burkina Faso

Africa

4methods

2banks

Mobile money is central to financial inclusion in a country where formal banking penetration is low.

Market takeaways

Mobile money is central to financial inclusion in a country where formal banking penetration is low.
Orange Money and Moov Money are the dominant platforms; Wave has been expanding into the market.
FATF grey list status since 2021 creates AML/CFT compliance challenges for financial institutions.
Ongoing security concerns in much of the country limit financial infrastructure expansion to urban areas.
Burkina Faso, Mali, and Niger are debating exit from the CFA franc zone, which could disrupt regional payment systems.

Population

~23M

Online population

~7M

Banked population

~30%

Mobile Money Penetration

~38% of adults

Credit card population

~2%

Payment method breakdown

Cash57%
Mobile Money36%
Bank Transfer5%
Card2%
Other0%

Card scheme breakdown

Visa55%
Mastercard40%
Local Schemes5%
Other0%

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Burkina Faso

Popular options based on coverage and prominence in this market.

Wave

Wave is a mobile-money provider focused on West Africa (Senegal, Côte d'Ivoire, Mali, Burkina Faso; also active in The Gambia and Uganda). It offers low-cost transfers, free deposits/withdrawals and bill payments via a smartphone app and agent network.

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.

e& money

e& money is the first digital wallet licensed by the Central Bank of the UAE, offered by e& life, supporting online payments, money transfers and bill payment. Operator: e& life (formerly Etisalat). Est. users: Large user base, telecom-backed (2024, best estimate).

Orange Money

Orange Money is Orange Jordan's mobile wallet connected to CliQ under Central Bank of Jordan supervision, enabling online payments, transfers and bill payment. Est. users: Large telecom-backed user base (2024, best estimate).