Payment methods in Guinea-Bissau

Africa

3methods

2banks

Mobile money contributes more than 5% of GDP in Guinea-Bissau, indicating deep reliance on mobile financial services.

Market takeaways

Mobile money contributes more than 5% of GDP in Guinea-Bissau, indicating deep reliance on mobile financial services.
Orange Money is the dominant mobile money provider operating via the Orange network.
West Africa added 21% of new mobile money accounts in 2024, with Guinea-Bissau participating in regional growth.
Banking infrastructure is very limited; cash and mobile money are the primary transaction methods.
Guinea-Bissau is part of the WAEMU regional instant payment system under BCEAO.

Population

~2.1M

Online population

~0.8M

Banked population

~20%

Mobile Money Penetration

~35% of adults

Credit card population

~1%

Payment method breakdown

Cash60%
Mobile Money33%
Bank Transfer5%
Card2%
Other0%

Card scheme breakdown

Visa55%
Mastercard40%
Local Schemes5%
Other0%

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Guinea-Bissau

Popular options based on coverage and prominence in this market.

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.

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).