Payments/BJ
Benin
ISO BJ · 3 schemes
Summary
- MTN MoMo dominant mobile money (70% market)
- MoMoPay QR merchant payment system
- Mastercard partnership 2024 expansion
- GIM-UEMOA regional interbank network
- 60M+ active MoMo wallets (13 African markets)
Banking landscape
Central Bank
- Name: BCEAO (Central Bank of West African States)
- Website: https://www.bceao.int/
- Role: Regional monetary policy (WAEMU zone)
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Ecobank Benin | Pan-African | Ecobank Mobile |
| 2 | Bank of Africa Benin | Pan-African | BOA Mobile |
| 3 | Société Générale Benin | International | SG Mobile |
| 4 | NSIA Banque | Regional | NSIA App |
| 5 | Orabank Benin | Regional | Orabank App |
Market Structure
- MTN MoMo: 70% mobile money market
- GIM-UEMOA: Regional card network
- WAEMU zone: Shared CFA franc
- Mobile money: Primary payment channel
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| MTN MoMo | MTN Benin | Mobile money | Dominant |
| GIM-UEMOA | BCEAO | Card network | Active |
| Bank Transfers | Banks | RTGS | Active |
MTN MoMo Statistics
- 70% market share in Benin
- 60M+ active monthly wallets (13 markets)
- 290M MTN subscribers overall
- 2024 Mastercard partnership
Mobile Money Dominance
- Primary payment method
- Rural penetration
- Financial inclusion driver
- Agent network extensive
QR code standards
MoMoPay QR
| Attribute | Value |
|---|---|
| Operator | MTN Benin |
| Type | Merchant QR |
| App | My MTN / MoMo |
| Feature | Scan to pay |
MoMoPay Payment Methods
- Code Marchand: Dial *880#, select MoMoPay, enter code
- QR Code: Scan via My MTN app
QR Payment Flow
- Download My MTN app
- Click "Mobile Money"
- Enter 5-digit PIN
- Choose "QR Paiement"
- Select "QR Scanner"
- Scan merchant QR
Merchant QR Features
- Static QR codes for merchants
- Dynamic amount entry
- Instant settlement
- SMS confirmation
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| MoMo App | MTN | Yes | Full wallet |
| My MTN | MTN | Yes | Multi-service |
| Bank Apps | Various | Limited | Banking |
MoMo App Features
- Pay bills instantly
- Deposit and cash out
- Scan and pay with QR
- Virtual card activation
- Loans and advances
- Online shopping
Mastercard Partnership (2024)
- Multi-market agreement
- SME-in-a-Box solutions
- QR enablement
- Tap on Phone
- Virtual/physical cards for wallets
13 African Markets
- Benin included
- Ghana, Côte d'Ivoire, Cameroon
- Uganda, Zambia
- Cross-border potential
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| MoMoPay QR | Mobile QR | MTN | 70% market | momopay-qr |
| GIM-UEMOA | Card | Regional | Active | — |
| Mastercard | Partnership | Global | 2024 | — |
Sources
- MTN Benin - MoMoPay
- MTN MoMo - QR Code
- MTN MoMo - Business QR
- Mastercard - MTN Partnership
- MoMo App - Google Play
- MoMo App - App Store
- Paymentwall - Mobile Money Benin
- MTN MoMo Official
Full country report
Schemes
Standards
Primary · 1