Payments/GN
Guinea
ISO GN · 3 schemes
Summary
- Orange Money dominant provider
- MTN Money active service
- Mowali interoperability (MTN/Orange)
- Fast-growing mobile money market
- Limited ATMs infrastructure challenges
Banking landscape
Central Bank
- Name: Banque Centrale de la République de Guinée (BCRG)
- Website: https://www.bcrg.gov.gn/
- Role: Monetary policy, payment oversight
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Ecobank Guinea | Pan-African | Ecobank Mobile |
| 2 | Société Générale Guinée | International | SG Mobile |
| 3 | BICIGUI | International | BICIGUI App |
| 4 | Orabank Guinea | Regional | Orabank App |
| 5 | UBA Guinea | Pan-African | UBA App |
Market Structure
- Orange Money: Market leader
- MTN: Major competitor
- Cellcom: Third operator
- Mobile money: Dominant
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| Orange Money | Orange | Mobile money | Dominant |
| MTN Money | MTN | Mobile money | Active |
| Mowali | MTN/Orange | Interoperability | Active |
Mobile Money Growth
- Fast-growing sector
- Most monetary transfers via Orange
- MTN Money active
- Agent networks expanding
Infrastructure Challenges
- ATMs exist but unreliable
- Mainly in Conakry
- Cash still important
- Digital growing
QR code standards
Orange Money QR
| Attribute | Value |
|---|---|
| Provider | Orange Guinea |
| App | Max it |
| Feature | Merchant payments |
| Status | Active |
Max it App Features
- Money transfers domestic/international
- Withdrawals and deposits
- Merchant payment
- Bill payment
- Orange microfinance
Orange Money Pro
- Point of sale app
- Merchant collection
- Digital deposits/withdrawals
- Business tools
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| Orange Max it | Orange | Yes | Full platform |
| Orange Money Pro | Orange | Yes | Merchant app |
| MTN Money | MTN | Limited | Mobile money |
Orange Max it Guinea
- Money transfers
- Merchant payments
- Bill payments
- Orange Guinea bills
- Electricity, water, TV
- Microfinance access
Orange Money Pro
- Reserved for partners
- Point of sale features
- Merchant collection
- Digital cash management
MTN Money
- 9-digit numbers (66xxxxx)
- Fully registered required
- WorldRemit compatible
- P2P transfers
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| Orange Money | Mobile QR | Max it | Growing | — |
| MTN Money | Mobile money | App | Competitor | — |
| Mowali | Interop | JV | Active | — |
Sources
- WorldRemit - Guinea Mobile Money
- Orange Max it Guinea - Google Play
- Orange Money Pro - Google Play
- Orange Developer - Web Payment API
- MTN - Mowali Launch
- Orange Newsroom - Mowali
- Trade.gov - Guinea eCommerce
- Xoom - MTN Guinea
Full country report
Schemes
Standards
Primary · 1