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Equatorial Guinea

GQ · GNQ · 226AfricaXAF FCFA12 methods

2 sources

Mobile money is reported to be almost non-existent in Equatorial Guinea despite high nominal incomes.

~0.5M
online population
~25%
banked adults
~5%
credit card population
MixMethodsBehaviourSourcesFacts

Payment mix

share of e-commerce spend
  • Cash70%
  • Bank Transfer18%
  • Card8%
  • Mobile Money3%
  • Other1%

Methods in use

top 8 of 12
All 12 methods in Equatorial Guinea →

Checkout behaviour

The economy is dominated by oil revenues, with inequality meaning most citizens have limited financial access.

Cash and bank transfers are the primary transaction methods.

Facts
ISO 3166
GQ · GNQ · 226
Region
Africa
Population
~1.5M
Currency
XAF FCFA
Banked adults
~25%
Methods live
12
Compare with
MauritiusEswatiniDjiboutiGuinea-Bissau
Sources
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