Mozambique

MZ · MOZ · 508AfricaMZN MT16 methods

Revised · 4 sources

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Mobile money penetration exceeded 100% of the adult population by end of 2024 (multiple accounts per person).

~10M

online population

~33%

banked adults

~2%

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%
CardVisa2%
Other—1%

Methods in use

top 8 of 16 · by spend

MethodTypeShare

All 16 methods in Mozambique →

Checkout behaviour

Three mobile wallets — M-Pesa, M-Kesh, and E-Mola — achieved full interoperability in 2022.

Non-banking agents (224,704 by 2023) vastly outnumber bank branches (4.1 per 100,000 adults vs. 1,246 non-banking agents).

Facts

ISO 3166: MZ · MOZ · 508
Region: Africa
Population: ~34M
Currency: MZN MT
Banked adults: ~33%
Methods live: 16
Banks covered: 24

Largest banks

Compare with

Nigeria China United States United Kingdom

Sources

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