Top payment methods in Togo: A guide on best ways to pay
Wondering what the most popular ways to pay are in Togo? Explore the top payment options and choose wisely.
Togo, with a population of around 9.52 million people, has a GDP of approximately 10.02 billion making it the 151st largest economy in the world. The official currency of Togo is the West African CFA Franc (XOF)
The economy is based on phosphate mining and agriculture, particularly cotton, coffee, and cocoa. It is a member of the West African Economic and Monetary Union (UEMOA) and ECOWAS, which facilitates regional trade.
| Country | Togo |
|---|---|
| Population | 9.52 million |
| GDP (USD) | 10.02 billion |
| Global Ranking | 151st |
| Currency | West African CFA Franc (XOF) |
Spend abroad with the mid-market exchange rate - no markups, and no sneaky transaction fees.
What is the main payment method in Togo?
The leading digital payment methods in Togo are the mobile money services Tmoney and Flooz, which are crucial for financial inclusion, P2P transfers, and receiving social benefits. The primary payment method for all daily transactions, however, remains physical cash, the West African CFA franc. Credit card acceptance is very rare and limited to a few major hotels in the capital, Lomé.
How to pay in Togo
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 Togo.
| Payment Method | Description | Type |
|---|---|---|
| Wise | Wise provides international money transfer services. It is known for offering transparent, low-cost currency exchange rates and fast transfers. Wise uses the mid-market exchange rate and charges a small, upfront fee, making it a cost-effective alternative to traditional banks for sending money abroad. The platform also offers multi-currency accounts, allowing users to hold and manage money in multiple currencies. | Online/In-person |
| Mobile Money (T-Money, Flooz) | Mobile money is the leading digital payment method, providing essential financial services to the population. T-Money (by Togocel) and Flooz (by Moov) are the main providers. | Online/In-person |
| Cash (West African CFA franc) | Cash is the primary and essential payment method for the vast majority of daily transactions. | In-person |
| Cards (Visa) | Card acceptance is very low and limited to international hotels and some businesses in the capital, Lomé. | In-person |
| Bank Transfers | Bank transfers are used for formal business transactions but not commonly by consumers. | Online |
Traveling beyond Togo? Explore payment methods by country.
Is PayPal available in Togo?
Yes, PayPal is accepted in Togo.
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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.