Payments/CV
Cabo Verde
ISO CV · 3 schemes
Summary
- SISP national interbank payment system
- Vinti4 national card and ATM network
- QR code invoices via Caixa Económica
- 8,688 POS terminals nationwide
- Cash-to-digital transition underway
Banking landscape
Central Bank
- Name: Banco de Cabo Verde (BCV)
- Website: https://www.bcv.cv/
- Role: Monetary policy, payment oversight
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Banco Comercial do Atlântico | Local | BCA Mobile |
| 2 | Caixa Económica de Cabo Verde | State | Caixa App |
| 3 | Banco Interatlântico | Local | BI Mobile |
| 4 | Banco Caboverdiano de Negócios | Local | BCN App |
| 5 | Ecobank Cabo Verde | Pan-African | Ecobank Mobile |
Market Structure
- SISP: Central interbank operator
- Vinti4: National card network
- Island archipelago: Infrastructure challenges
- Tourism sector: Important driver
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| SISP | SISP | Interbank switch | Active |
| Vinti4 | SISP | Card/ATM network | Active |
| SWIFT | Banks | International | Active |
Vinti4 Network Statistics
- 8,688 POS terminals (2020)
- 608 new terminals added (2020)
- Santiago Island: 52.3% of ATMs, 46.9% of POS
- Nationwide coverage across islands
SISP Services
- Debit card issuance
- ATM management
- POS terminals
- Electronic payments
- Check clearing
QR code standards
QR Invoice Payments
| Attribute | Value |
|---|---|
| Provider | Caixa Económica |
| Type | Invoice QR |
| Feature | Photo/scan payment |
| Method | Email/share confirmation |
QR Payment Features
- Invoice payment via QR code
- Photo-based payment option
- Email receipt sending
- Smartphone app sharing
- Quick bill settlement
Digital Payment Growth
- Cash-first to mixed methods
- Cards gaining ground
- Mobile wallets emerging
- Online platforms growing
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| Caixa App | Caixa Económica | Yes | Invoice QR |
| Bank Apps | Various | Limited | Banking |
| Vinti4 | SISP | Card | ATM/POS |
Caixa Económica App
- QR code invoice payment
- Photo invoice payment
- Email confirmations
- Bill management
- Account services
Digital Transition
- Multi-currency cards
- Mobile money emerging
- Online platforms
- Tourist-focused services
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| Vinti4 | Card | SISP | National | vinti4 |
| QR Invoices | Invoice QR | App | Growing | — |
| SISP | Switch | Interbank | Universal | — |
Sources
- SISP Official
- SISP SWIFT
- Caixa Económica - FAQ
- AfricaNenda - Cape Verde Digital
- BCV - Payment System 2020
- BCV - Payment System 2019
- Transfi - Cape Verde Payments
- MoneyMatrix - Cape Verde
Full country report
Schemes
Standards
Primary · 1
Mentioned · 1