Togo’s payment landscape reflects a blend of traditional methods and a growing presence of mobile money solutions. Cash remains the most prevalent payment method, especially for smaller transactions and in-store purchases. Mobile money platforms like TMoney and Mobile Money are becoming more popular, especially in rural areas where access to traditional banking services is limited. This shift towards mobile money is driven by the need for greater convenience and accessibility. Togo’s payment system relies heavily on cash transactions, particularly in smaller businesses and rural areas. Credit and debit card usage is growing, although its adoption is limited compared to more developed nations. Mobile money services are emerging as a key driver of financial inclusion, but their expansion is hampered by challenges in infrastructure development and digital literacy levels.
Estimated Population
8.3 million
Currency
West African CFA franc (XOF)
All supported payment methods for Togo:
Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, MaestroPopular payment methods
Mastercard
Credit/Debit Cards
Unlock a world of payment possibilities with Mastercard, a trusted global leader in secure and convenient transactions
American Express
Credit/Debit Cards
Elevate your business with American Express, a premium payment network that attracts discerning customers and drives higher-value transactions.
JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
Diners Club
Credit/Debit Cards
Diners Club is a global payment network renowned for its premium services and exclusive benefits, offering businesses access to a discerning clientele.
Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.
