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Population
110M
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Online population
28.3M
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Currency
CDF
Population - 110M
At the start of 2024, 47.7% of the Democratic Republic of the Congo’s population lived in urban centres, while 52.3% lived in rural areas.
Internet penetration - 27.2%
There were 28.3M internet users in the Democratic Republic of the Congo at the start of 2024,
The Congolese FinTech ecosystem is growing and is characterized by its diversity and dynamism.
Key players include Mobile Money operators such as Mobile Money Congo and Mobile Commerce Congo, as well as a variety of service providers such as Noki Noki Services, Dadanada, Ascapay, Tasa, and Nyota. These innovative companies offer solutions ranging from mobile payments to e-commerce, money transfers, online sports betting, and digital financial services. The GIMACPAY platform facilitates transactions between bank accounts and mobile accounts, bridging the gap between traditional and digital finance.
Mobile Money services remain the most popular among Congolese, however. They offer a full range of financial services, including local transfers, depositing and withdrawing money, paying bills, GIMAC transactions, transfers between digital wallets and bank accounts, payments at merchants, purchasing phone credit, international transfers, as well as savings and loans. In the first quarter of 2024, there were 8.7M registered subscribers to Mobile Money services, including 3.3M active subscribers.
In Congo, the FinTech sector has seen steady growth in recent years. Tuma’s $500K funding round in October—the largest ever in Congo’s FinTech space—was an example of the industry’s progress.
The Democratic Republic of the Congo’s banking system is comprised of the BCC and 18 commercial banks as well as savings/credit cooperatives, microfinance institutions, financial transfer services, and one development bank, SOFIDE.