Payment methods in Cape Verde

Diaspora remittances represent approximately 15–20% of Cape Verde's GDP, making international transfer services critically important. Western Union, MoneyGram, and bank wire services from Portugal and other diaspora hubs are widely used. Several banks offer dedicated diaspora accounts with favorable terms to attract remittance flows.

Vinti4 is Cape Verde's national interbank payment network, operated by SISP and connecting all commercial banks in the country. It runs the ATM network and POS terminals across the islands and issues the domestic Vinti4 debit card. It is the backbone of electronic payments and also facilitates online banking transactions between member banks.

Unitel T+ is Cape Verde's second major telecom operator and provides a mobile money platform targeting unbanked and underbanked residents. It supports P2P transfers, merchant payments, and airtime top-up, contributing to broader financial inclusion across the archipelago.

CVTelecom, the state-linked national telecom, offers mobile financial services including airtime credit, bill payments, and basic money transfer for its subscriber base. The service bridges banking access to the outer islands where physical bank branches are sparse.