Payments/BW
Botswana
ISO BW · 3 schemes
Summary
- Spark by Absa QR payment wallet
- PosoMoney BotswanaPost mobile money
- No unified national QR standard
- Bank-specific QR implementations
- Growing digital banking adoption
Banking landscape
Central Bank
- Name: Bank of Botswana
- Website: https://www.bankofbotswana.bw/
- Role: Monetary policy, payment oversight
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Absa Botswana | International | Spark |
| 2 | First National Bank | International | FNB App |
| 3 | Standard Chartered | International | SC Mobile |
| 4 | Stanbic Bank | Pan-African | Stanbic App |
| 5 | AccessBank | Development | Access Mobile |
Market Structure
- International banks: Dominant players
- Mobile banking: Growing adoption
- Mobile money: PosoMoney, others
- QR payments: Emerging
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| BISS | Bank of Botswana | RTGS | Active |
| ACH | Bank of Botswana | Clearing | Active |
| EFT | Banks | Transfers | Active |
Mobile Money Services
- PosoMoney: BotswanaPost service
- Spark: Absa digital wallet
- Bank wallets: Various offerings
Digital Banking Growth
- Mobile banking expansion
- Bill payment services
- P2P transfers
- Agent networks
QR code standards
Spark QR (Absa)
| Attribute | Value |
|---|---|
| Operator | Absa Botswana |
| Type | Wallet QR |
| Features | Pay/Receive |
| Status | Active |
Spark QR Features
- Contactless QR payments
- Fund wallet with any bank card
- Pay at any POS
- Transfer to own account
- Deposit/withdraw at agents
Merchant QR (Spark)
- "Receive QR payments" option
- Customer scans merchant QR
- Encrypted payment details
- Amount specification
- Tap 'Generate your own amount'
QR Payment Flow
- Click 'QR Pay' button
- Customer scans QR on device
- Or scan displayed QR code
- Confirm payment
- Instant settlement
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| Spark | Absa | Yes | Full wallet |
| PosoMoney | BotswanaPost | USSD | Mobile money |
| SC Mobile | Standard Chartered | Limited | Banking |
| Access Mobile | AccessBank | Limited | Banking |
Spark by Absa
- Digital wallet
- QR code payments
- Fund via any card
- Pay at POS terminals
- P2P transfers
- Agent network
PosoMoney (BotswanaPost)
- Mobile phone-based
- Works on any phone/network
- Fully patented SMS technology
- Money transfers
- Banking services
- Payment services
AccessBank Mobile
- Bill payments (electricity, water, DStv)
- Send money to any mobile
- Fast Cash via ATM
- Access Closa Agent network
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| Spark QR | Wallet | Absa | Growing | spark-qr |
| PosoMoney | Mobile money | SMS | Active | — |
| Bank Apps | Mobile banking | Various | Active | — |
Sources
- Absa Botswana - Spark
- BotswanaPost - Mobile Money
- AccessBank - Digital Banking
- Standard Chartered - Digital Banking
- Bank of Botswana - Payment Systems
- Payment Providers - Botswana
- BB Codes - Bank Codes Botswana
- Money Matters ZA - Bank Codes
Full country report
Schemes
Standards
Primary · 1