Payments/ML
Mali
ISO ML · 3 schemes
Summary
- Orange Money QR via Max it app
- Sarali QR merchant payments
- GIM-UEMOA regional integration
- Mastercard partnership (2024/2025)
- 20% banked population only
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 | BDM (Banque de Développement du Mali) | State | BDM Mobile |
| 2 | Ecobank Mali | Pan-African | Ecobank Mobile |
| 3 | Banque Atlantique | Regional | Atlantic App |
| 4 | BNDA | State | BNDA Mobile |
| 5 | Coris Bank | Regional | Coris App |
Market Structure
- Orange Money: Leading mobile money
- GIM-UEMOA: 130+ institutions
- 20%: Adults with bank accounts
- Mobile money: Dominant channel
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| Orange Money | Orange Mali | Mobile money | Dominant |
| GIM-UEMOA | Regional | Interbank | Active |
| Moov Money | Moov | Mobile money | Active |
| Bank Cards | Various | Debit/Credit | Active |
GIM-UEMOA
- Created 2003 by BCEAO
- 130+ member institutions
- 8 WAEMU countries
- Cross-border payments
- Card and ATM network
Mobile Money Focus
- Most Malians use mobile money
- Only 20% have formal bank accounts
- Orange Money leads market
- GIM-UEMOA card-focused
QR code standards
Orange Money QR (Max it)
| Attribute | Value |
|---|---|
| Provider | Orange Mali |
| App | Orange Max it |
| Feature | QR Code/Sarali |
| Merchants | Authorized partners |
Orange Money QR Features
- Scan QR at merchants
- Secure shopping experience
- Download Orange QR card
- Electronic version available
- Simplified payments
Sarali QR
- Merchant payment system
- Integrated with Max it
- QR code scanning
- Partner network
Mastercard Partnership (2024)
- Virtual debit cards
- Physical card option
- Global merchant access
- Rolling out by 2025
- Mali among first countries
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| Orange Max it | Orange | Yes | Full wallet + QR |
| Orange Money Africa | Orange | Yes | Multi-country |
| Moov Money | Moov | Limited | Mobile money |
Orange Max it Mali
- Mobile money management
- QR code payments (Sarali)
- Bill payments
- Airtime purchase
- Orange services
- Merchant scanning
Orange Money Africa
- Multi-country support
- Mali included
- QR merchant payments
- International transfers
- Developer API
Financial Inclusion Goals
- Bill payments with partners
- Online payments
- Merchant QR payments
- Three core objectives
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| Orange Money QR | Mobile QR | Sarali | Active | orange-money-qr |
| GIM-UEMOA | Regional | Card/ATM | Active | — |
| Mastercard | Virtual | Card | 2025 | — |
Sources
- TransFi - Mali Payment Rails
- Google Play - Orange Max it Mali
- Google Play - Orange Money Africa
- Orange Developer - Web Payment API
- Mastercard - Orange Partnership
- GIM-UEMOA
- Payment Expert - Orange Money Africa
- Wikipedia - Orange Money
Full country report
Schemes
Standards
Primary · 1