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Guinea

Guinean Franc (GNF)

Cash is the primary mode of payment for the majority of transactions in Guinea. Due to the lack of credit ratings and collection agencies, documentary letters and letters of credit are used for imports and exports. Guinea experiences a large amount of credit card fraud, so people are advised to limit card usage to reputable establishments to mitigate the risk.

Guinea flag

Population

13,859,341

Banked Population:

30.44%

Group 427321246

Main industries

Mining, Agriculture, Fishing, and Energy

Group 427321247

Main imports

Rice, Motorcycles & cycles, Cars,
Refined Petroleum, and Broadcasting Equipment

Group 427321248

Main exports

Gold, Aluminium & Iron Ore,
Aluminium Oxide, and Cocoa Beans

GDP stats

$1,531.7

Per capita (USD)

4.7%

Growth annually

136

World ranking

Internet usage

35%

Smartphone usage

29%

Credit/debit card usage

7%

Population transacting electronically

20%

Group 427321245 1

Total volume of digital payments projected to reach

$3,129.00M (USD)

MTN Mobile Money Guinea

Mobile Money

Orange Money Guinea

Mobile Money

MTN Mobile Money Guinea

Payout

Orange Money Guinea

Payout

Payment Methods in Guinea

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