Senegal

SN · SEN · 686AfricaXOF CFA18 methods

Revised · 4 sources

Wave's flat 1% fee and free deposits/withdrawals have disrupted the traditional mobile money pricing model dominated by Orange Money.

~12M
online population
~22%
banked adults
~3%
credit card population

Payment mix

share of e-commerce spend
  • Mobile Money60%
  • Cash30%
  • Bank Transfer6%
  • Card3%
  • Other1%

Methods in use

top 8 of 18 · by spend

Checkout behaviour

Wave serves nearly 11 million active customers in Senegal, accounting for roughly 90% of the adult population with a Wave account.

USSD remains significant for rural users outside Dakar who rely on basic feature phones.

Facts
ISO 3166
SN · SEN · 686
Region
Africa
Population
~18M
Currency
XOF CFA
Banked adults
~22%
Methods live
18
Banks covered
29
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