Spend abroad with the mid-market exchange rate - no markups, and no sneaky transaction fees.
Each country has its own way of moving money, and choosing the right method can sometimes be difficult. That’s why we have curated the most popular and best payment options for you to use in Benin.
Yes, PayPal is accepted in Benin.
Wondering what the most popular ways to pay are in Benin? Explore the top payment options and choose wisely.
Benin, with a population of around 14.52 million people, has a GDP of approximately 22.24 billion making it the 125th largest economy in the world. The official currency of Benin is the West African CFA Franc (XOF)
Dominated by subsistence agriculture and cotton production, with a growing services sector focused on transit trade. It is a member of the West African Economic and Monetary Union (UEMOA) and ECOWAS, with Nigeria as a key trade partner.
Mobile money services, led by MTN Mobile Money and Moov Money, are the leading digital payment methods in Benin, driven by high mobile phone penetration and their convenience for transfers, payments, and savings. However, the West African CFA franc, in the form of physical cash, remains the dominant payment method for all types of daily transactions. Credit and debit card acceptance is very limited and typically found only in upscale hotels and businesses in the main city of Cotonou.
Whatever you need to buy during your trip, whether it’s a travel adapter, train ticket or an extra bottle of sunscreen, the Wise Multi-Currency Card has you covered.
You can spend like a local in 150+ countries, as this clever contactless card automatically converts currency at the mid-market exchange rate whenever you spend - for just a small conversion fee.
And for extra convenience, you can add your Wise Multi-Currency Card to your Google Wallet or Apple Wallet. Then you can travel even lighter and pay using just your phone, with no need to pack the physical card.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.