Central African CFA frank (XAF)
Since 2012, Gabon has seen the introduction of four mobile money services. Despite modest initial success due to low banking penetration rates, these services are gradually expanding. Partnerships between different companies are allowing for broader usage, including cash withdrawals from ATMs without a bank card. The outlook for mobile banking in Gabon is positive, but competition and the need for investment and communication remain challenges.
Population
Banked Population:
Main industries
Agriculture, Forestry, Fishing, Mining, and Tourism
Main imports
Poultry Meat, Packaged Medicaments, Passenger & Cargo Ships, Rice, and Cars
Main exports
Crude & Refined Petroleum, Manganese Ore, Sawn Wood, and Veneer Sheets
$8,820.3
Per capita (USD)
3%
Growth annually
111
World ranking
Total volume of digital payments projected to reach
$318.40M (USD)
Mobile Money