Payment methods in Botswana

Africa

3methods

4banks

Mobile money account ownership reached 36.6% of adults in January 2024, up 12.2 percentage points year-over-year.

Market takeaways

Mobile money account ownership reached 36.6% of adults in January 2024, up 12.2 percentage points year-over-year.
More men (41.8%) than women (31.9%) own mobile money accounts.
Orange Botswana is a key mobile money provider; EcoCash Zimbabwe is integrated for cross-border transfers.
Botswana participates in the TCIB regional payment system covering SADC countries.
Banking penetration is among the higher rates in Sub-Saharan Africa.

Population

~2.6M

Online population

~1.8M

Banked population

~55%

Mobile Money Penetration

~36.6% of adults

Credit card population

~10%

Payment method breakdown

Cash45%
Card25%
Mobile Money20%
Bank Transfer8%
Other2%

Card scheme breakdown

Visa55%
Mastercard43%
Local Schemes2%
Other0%

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Botswana

Popular options based on coverage and prominence in this market.

FNB eWallet Botswana

FNB Botswana's eWallet allows users to send money to any mobile phone number, even to recipients without a bank account, who can withdraw cash at FNB ATMs. It mirrors the successful FNB eWallet model from South Africa.

Smega (BancABC)

Smega is a mobile banking solution from BancABC providing digital financial services including account management, transfers, and payments to bank customers in Botswana.

Orange Money Botswana

Orange Money is one of Botswana's key mobile money platforms, enabling millions to transfer, receive, and hold money without traditional bank accounts. It supports P2P transfers, bill payments, and cross-border transfers. Orange Botswana has integrated with EcoCash and TransferTo for mobile payments between Botswana and Zimbabwe.