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Burkina Faso

West African CFA franc (XOF)

West African CFA Franc (XOF)

Burkina Faso’s low financial inclusion rate of 39% demonstrates the need for an improved digital payments ecosystem. In 2020, the country adopted the Inclusive Digital Economy Scorecard (IDES), which assists countries with digital transformation efforts.

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Zota - Payment solutions in Burkina Faso
Zota - Payment solutions in Burkina Faso
Burkina Faso flag

Population

22,100,683

Banked Population:

36.11%

Group 427321246

Main industries

Agriculture

Group 427321247

Main imports

FRefined Petroleum, Packaged Medicaments,
Electricity, Cement, and Delivery Trucks

Group 427321248

Main exports

Gold, Raw Cotton, Zinc Ore, Seeds,
Coconuts, Brazil Nuts, & Cashews

GDP stats

$893.1

Per capita (USD)

6.9%

Growth annually

128

World ranking

Internet usage

22%

Smartphone usage

16%

Credit/debit card usage

14%

Population transacting electronically

39%

Group 427321245 1

Total volume of digital payments projected to reach

$4,155.00M

Payment Methods in Burkina Faso

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  • Mobile Money

Orange Money Burkina

Mobile Money

Mobicash Burkina

Mobile Money

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