Togo: Transactions by bank cards amounted to XOF570 billion in 2018

Banking
Friday, 29 November 2019 14:58
Togo: Transactions by bank cards amounted to XOF570 billion in 2018

(Togo First) - Last year, Togo recorded a little less than 10 million transactions by bank cards, amounting to XOF570 billion. The figures were released this week, in the BCEAO's annual report on electronic banking in the West African Economic and Monetary Union (WAEMU).

According to the document, the reason for the importance of the transactions is a great number of ATMs (264) and e-payment terminals (511) active across the country.

Togo has nearly 7% of all active bank cards across the WAEMU, 435,089 exactly. Eighty-five percent (85%) of these cards are linked to a bank account while the rest are prepaid cards.

In the country, cards issued by banks are the most used. They are followed by GIM-UMOA and VISA cards. MasterCard users are the lowest in number.

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