Payment methods in Burkina Faso

Africa

3methods

2banks

Mobile money is central to financial inclusion in a country where formal banking penetration is low.

Market takeaways

Mobile money is central to financial inclusion in a country where formal banking penetration is low.
Orange Money and Moov Money are the dominant platforms; Wave has been expanding into the market.
FATF grey list status since 2021 creates AML/CFT compliance challenges for financial institutions.
Ongoing security concerns in much of the country limit financial infrastructure expansion to urban areas.
Burkina Faso, Mali, and Niger are debating exit from the CFA franc zone, which could disrupt regional payment systems.

Population

~23M

Online population

~7M

Banked population

~30%

Mobile Money Penetration

~38% of adults

Credit card population

~2%

Payment method breakdown

Cash57%
Mobile Money36%
Bank Transfer5%
Card2%
Other0%

Card scheme breakdown

Visa55%
Mastercard40%
Local Schemes5%
Other0%

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Burkina Faso

Popular options based on coverage and prominence in this market.

Moov Money Burkina Faso

Moov Money is the mobile financial service of Moov Africa's Burkinabè subsidiary, offering transfers, bill payments, and airtime top-up services. It competes with Orange Money, particularly in areas with Moov telecom coverage.

Wave Burkina Faso

Wave has expanded into Burkina Faso with its low-cost mobile money model offering free deposits/withdrawals and a flat 1% P2P fee. Its agent network provides cash-in/cash-out points across the country.

Orange Money Burkina Faso

Orange Money is the leading mobile money platform in Burkina Faso, providing P2P transfers, bill payments, salary disbursements, and merchant payments. Accessible via USSD (*144#) for feature phone users, which is critical given limited smartphone penetration in the country.