Senegal

SN · SEN · 686AfricaXOF CFA20 methods

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

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryShare

Mobile Money60%
Cash30%
Bank Transfer6%
Card3%
Other1%

Methods in use

top 8 of 20

MethodType

All 20 methods in Senegal →

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: 20
Banks covered: 29

Largest banks

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Chad Somalia Zimbabwe Malawi

Sources

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