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 Eritrea.
Yes, PayPal is accepted in Eritrea.
Wondering what the most popular ways to pay are in Eritrea? Explore the top payment options and choose wisely.
Eritrea, with a population of around 3.60 million people, has a GDP of approximately 1.10 billion making it the 185th largest economy in the world. The official currency of Eritrea is the Eritrean Nakfa (ERN)
A highly centralized and isolated command economy, its main drivers are subsistence agriculture and mining. Its formal economic relationships are very limited, with some trade conducted with the UAE and China.
The primary and legally enforced method of payment in Eritrea is physical cash, the Nakfa, as digital payments are not a feature of the economy. For formal and government-related dealings, bank transfers and checks are used. The modern infrastructure required for credit card or mobile payments does not currently exist.
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.