Côte d'Ivoire
Payment Methods
Market overview
In the wake of the COVID-19 pandemic, Côte d’Ivoire, known as the Ivory Coast, saw a boost of its 27 million citizens embracing online shopping, with approximately 68% venturing into the digital marketplace. As a pivotal economic and trading hub, the demand for seamless and secure payment solutions and innovation in the financial ecosystem was inevitable. This surge in eCommerce activity is propelled by governmental initiatives promoting digital payments and the widespread adoption of Alternative Payment Methods (APMs) such as mobile money and card payments.
Projections for the Côte d’Ivoire’s payments market indicate sustained growth, with the total transaction value expected to demonstrate a commendable annual growth rate (CAGR 2024-2028) of 7.79%. By 2028, the projected total transaction value is anticipated to reach USD 4,821.00 million.
Payment methods supported per country
Mobile money payments
Bank cards payments
Global & local card schemes & wallets
Mobile money
Cash
Digital wallets
USD 1.974 billion (2020 est.)
USD 1.349 billion (2019 est.)
USD 2.285 billion (2018 est.)
USD 12.66 billion (2020 est.)
USD 12.881 billion (2019 est.)
USD 13.183 billion (2018 est.)
Proportion of population owning a bank account in West Africa
less than
20%
Proportion of adult population owning a mobile banking account (2018)
~70%
Trade exchange
Export
2019
Switzerland
Germany
Vietnam
Import
2019
China
Nigeria
France
Standard Chartered Bank Côte d’Ivoire
Bridge Bank Group – Côte d’Ivoire
Société Ivoirienne de Banque
Banque Internationale pour le Commerce et l’Industrie de la Côte d’Ivoire
Compagnie Bancaire de l’Atlantique-Côte d’Ivoire
Banque Régionale de Solidarité – Côte d’Ivoire
Central Bank of West African States
Societe Generale de Banques en Côte d’Ivoire (SGBCI)
Banque Internationale pour l’Afrique Occidentale
COFIPA Investment Bank – Côte d’Ivoire
Omnifinance
Banque de l’Habitat de Côte d’Ivoire
Banque pour le Financement de l’Agriculture
Banque Nationale d’Investissement
Banque Atlantique Côte d’Ivoire (BACI)
Ecobank Côte d’Ivoire
Bank of Africa – Côte d’Ivoire
Versus Banque S.A.
Citibank
