Payments/CD
Congo, The Democratic Republic of the
ISO CD · 3 schemes
Summary
- 23.1 million mobile money users (Q1 2024)
- M-Pesa largest operator (Vodacom 52%)
- Orange Money second major player
- 40% penetration mobile money accounts
- Dual currency CDF and USD transactions
Banking landscape
Central Bank
- Name: Banque Centrale du Congo (BCC)
- Website: https://www.bcc.cd/
- Role: Monetary policy, payment oversight
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Rawbank | Local | Illicocash |
| 2 | Equity Bank | Regional | Equity Mobile |
| 3 | Ecobank DRC | Pan-African | Ecobank Mobile |
| 4 | FINCA | Microfinance | FINCA App |
| 5 | UBA DRC | Pan-African | UBA App |
Market Structure
- Vodacom: Market leader (52%)
- Orange: Major competitor
- Airtel/Africell: Other players
- 57.5 million mobile users total
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| M-Pesa | Vodacom | Mobile money | Dominant |
| Orange Money | Orange | Mobile money | Active |
| Airtel Money | Airtel | Mobile money | Active |
| Africell Money | Africell | Mobile money | Active |
Mobile Money Statistics (Q1 2024)
- 23.1 million mobile money users
- 40.33% of mobile users with accounts
- Q1 2023: 18.2 million users
- Q1 2020: 8.1 million users
Growth Rate
- 27% year-over-year growth
- 185% growth since 2020
- Rapid adoption
- Financial inclusion driver
QR code standards
M-Pesa QR
| Attribute | Value |
|---|---|
| Operator | Vodacom DRC |
| Type | Merchant QR |
| App | M-Pesa DRC |
| Currencies | USD and CDF |
M-Pesa Features
- QR code payments
- Merchant scanning
- Dual currency (USD/CDF)
- Bank integration
- Bill payments
Bank Integrations
- FINCA transfers
- EQUITY bank link
- Ecobank integration
- Rawbank connection
- UBA and AccessBank
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| M-Pesa DRC | Vodacom | Yes | Full wallet |
| Orange Money | Orange | Limited | Mobile money |
| Airtel Money | Airtel | Limited | Transfers |
M-Pesa DRC App
- Secure PIN login
- Balance checks
- Dual currency (USD/CDF)
- Send money to contacts
- Merchant payments
- Bill payments (Canal+, Startimes, DSTV)
- Salary advances
- Currency exchange
Orange Money DRC
- Electronic Money Issuer (2016)
- Receive international payments
- Mobile wallet services
- Growing network
African Mobile Money Scale
- 178 active services (2024)
- 280 million monthly active accounts
- 70%+ of global activity in SSA
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| M-Pesa | Mobile money | QR | 52% share | — |
| Orange Money | Mobile money | App | Active | — |
| Bank Integration | Interop | Multiple | 6+ banks | — |
Sources
- BANKABLE - Mobile Money Q1 2024
- M-Pesa DRC - App Store
- M-Pesa DRC - Google Play
- Wikipedia - Orange Money
- WorldRemit - DRC Mobile Money
- Sendwave - DRC
- Tech In Africa - Mobile Money Platforms
- GSMA - Mobile Money DRC
Full country report
Schemes
Standards
Primary · 1