Mobile money in West Africa: Orange Money, MTN MoMo, Wave and Moov
Which mobile money networks matter in Senegal, Côte d'Ivoire, Benin, Togo, Burkina Faso, Mali and Ghana, and what a shared XOF balance means for treasury.
A multi-network region
Unlike Kenya, where one wallet dominates, most West African markets have several large mobile money networks. A payout strategy has to reach each recipient on the network they already use.
Country by country
- →Senegal: Orange Money, Wave and Free Money.
- →Côte d'Ivoire: Orange Money, MTN MoMo, Moov Money and Wave.
- →Benin: MTN MoMo and Moov Money.
- →Togo: Moov Money and Mixx by Yas.
- →Burkina Faso and Mali: Orange Money and Moov Money.
- →Ghana: MTN MoMo, Telecel Cash and AT Money.
One currency across eight countries
Senegal, Côte d'Ivoire, Benin, Togo, Burkina Faso, Mali, Niger and Guinea-Bissau share the West African CFA franc (XOF). That simplifies treasury: a single XOF balance can hold value across several markets without converting currency at every border.
What's live today
ElementPay issues business bank accounts in XOF, so you can collect and hold CFA francs, or fund a balance from USDC, ahead of paying anyone out. Mobile money payouts are live in Ghana today. Country-level payout rails for Senegal, Côte d'Ivoire, Benin, Togo, Burkina Faso and Mali are rolling out — check current coverage before you route a payment to a specific network in those markets.
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