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Liberia’s payment landscape is still in its early stages of development, with cash remaining the dominant payment method. However, the country is seeing a growing adoption of mobile money platforms and a gradual shift towards greater digitalization. This trend is driven by a desire for greater convenience and accessibility, particularly in rural areas where access to traditional banking services is limited. Liberia’s payment system is heavily reliant on cash transactions, reflecting limited access to formal financial services and underdeveloped digital infrastructure. Credit and debit card usage is limited. Mobile money services are emerging but face considerable challenges due to infrastructure limitations and security concerns.

Population

Estimated Population

5 million

Currency

Currency

Liberian dollar (LRD)



Popular payment methods