Zambia

ZM · ZMB · 894AfricaZMW ZK16 methods

4 sources

Mobile money usage jumped from 14% to 58.5% of adults between 2015 and 2020, a rate among the fastest in Africa.

~10M

online population

~20.7%

banked adults

~3%

credit card population

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryShare

Mobile Money55%
Cash35%
Bank Transfer7%
Card2%
Other1%

Methods in use

top 8 of 16

MethodType

All 16 methods in Zambia →

Checkout behaviour

Only 20.7% of adults have formal bank accounts; mobile money is the primary financial inclusion vehicle.

Airtel Money and MTN Mobile Money (formerly Zamtel Kwacha and others) are the dominant providers.

Facts

ISO 3166: ZM · ZMB · 894
Region: Africa
Population: ~21M
Currency: ZMW ZK
Banked adults: ~20.7%
Methods live: 16
Banks covered: 5

Banking groups present

Headquartered outside Zambia. The catalogue has no bank headquartered here yet.

Compare with

Malawi Burkina Faso Mali Chad

Sources

Something out of date?

Every figure on this page carries a source. Corrections are reviewed within a week.

Edit this country →

Figures are compiled from public sources, may be estimates and are not advice. Report an error · How we source data

Logos are trademarks of their owners. Trademarks and takedown →

Facts

ISO 3166: ZM · ZMB · 894
Region: Africa
Population: ~21M
Currency: ZMW ZK
Banked adults: ~20.7%
Methods live: 16
Banks covered: 5

Banking groups present

Headquartered outside Zambia. The catalogue has no bank headquartered here yet.

Compare with

Malawi Burkina Faso Mali Chad

Sources

Something out of date?

Every figure on this page carries a source. Corrections are reviewed within a week.

Edit this country →

Figures are compiled from public sources, may be estimates and are not advice. Report an error · How we source data

Logos are trademarks of their owners. Trademarks and takedown →