Payment methods in Ivory Coast
Mobile money penetration at 40%+ of adults, with 17.5 million registered accounts (highest in the WAEMU region).
Market takeaways
- Mobile money penetration at 40%+ of adults, with 17.5 million registered accounts (highest in the WAEMU region).
- Orange Money and MTN Mobile Money remain dominant; Wave is a fast-growing disruptor with 21 million+ users across its markets.
- 82% of users access digital financial services via USSD despite 75% smartphone ownership, reflecting habitual use.
- A significant gender gap persists: women are 27 percentage points less likely than men to have a financial account.
- Wave launched a commercial bank in Côte d'Ivoire in 2025, offering full banking services alongside its mobile money platform.
Population
~28M
Online population
~16M
Banked population
~22% (traditional banking)
Mobile Money Penetration
~40% of adults
Credit card population
~3%
Payment method breakdown
- Mobile Money55%
- Cash35%
- Bank Transfer5%
- Card4%
- Other1%
Card scheme breakdown
- Visa50%
- Mastercard45%
- Local Schemes5%
- Other0%
Cross-border e-commerce
Market data coming soon.
Featured payment methods in Ivory Coast
Popular options based on coverage and prominence in this market.
MTN Mobile Money (MoMo)
MTN MoMo is one of the two dominant mobile money players in Côte d'Ivoire, competing closely with Orange Money. It provides standard mobile money services and has benefited from a US$200M Mastercard investment in MTN Group Fintech.
Orange Money Côte d'Ivoire
Orange Money is the historic market leader in Côte d'Ivoire, handling over EUR 2 billion in annual transactions. It offers P2P transfers, bill payments, merchant payments, and cross-border transfers via USSD and app. Orange Money has partnered with Visa and Banque Atlantique to offer a payment card to its users.
Wave Côte d'Ivoire
Wave disrupted the Ivorian market with zero-fee deposits and 1% flat P2P fees. As of 2025, Wave launched a commercial bank in Côte d'Ivoire, evolving from a mobile money platform to a full digital bank offering savings accounts and lending products.
Djamo
Djamo is a local Ivorian fintech neobank with approximately 200,000 customers, offering digital banking services including a Visa virtual card, savings, and P2P payments. Backed by Y Combinator, it targets the urban, smartphone-using segment.
All payment methods in Ivory Coast
Discover 4 payment methods from around the world
Featured banks in Ivory Coast
Major institutions operating in this market.
Standard Bank South Africa
Johannesburg, South Africa
Standard Bank is Africa's largest bank by assets, offering retail, SME, corporate, investment, and private banking across 20 African countries.
Attijariwafa Bank Morocco
Casablanca, Morocco
Attijariwafa Bank is Morocco's largest bank and one of Africa's top banking groups, with operations across Africa and Europe.
GTBank (Guaranty Trust Holding)
Lagos, Nigeria
GTBank (now GTCO Holdings) is one of Nigeria's leading banks, known for digital innovation and strong retail and corporate banking.
Société Générale Côte d'Ivoire
Abidjan, Côte d'Ivoire
Société Générale Côte d'Ivoire is one of the country's largest banks, offering retail, SME, and corporate banking.
Other Banks — Côte d'Ivoire
Yamoussoukro, Côte d'Ivoire
Aggregate of remaining banks in Côte d'Ivoire, collectively ~85.0% of domestic banking assets.
All banks in Ivory Coast
Showing 5 of 5 banks
