The Republic of Cape Verde is an island country spanning an archipelago of 10 islands located in the central Atlantic Ocean, off the coast of Western Africa. Link to external site : Website for Cape Verde |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
1,434.40 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
0.734 Upgrade to Bronze |
| Currency | CVE |
| Class | |
| CountryISO | CV |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["T+ (Teylium)",386014],["CVMovel (Cabo Verde Telecom)",347998]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",18760],["Q4 2001",31507],["Q4 2002",41505],["Q4 2003",53638],["Q4 2004",67580],["Q4 2005",82000],["Q4 2006",139000],["Q4 2007",298000],["Q4 2008",492000],["Q4 2009",593400],["Q4 2010",670952],["Q4 2011",741571],["Q4 2012",792564],["Q4 2013",825176],["Q4 2014",848603]],"options":{"title":"Connections"}}
| Channel Analysis |
No data to report Upgrade to Bronze |
| COT Analysis |
No data to report Upgrade to Bronze |
| Persona Analysis |
No data to report Upgrade to Bronze |
| Products |
No data to report Upgrade to Bronze |
| PI Analysis |
No data to report Upgrade to Bronze |
| Central Bank |
Central Bank Website for Cape Verde Register/Log In |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system of Portugal Upgrade to Bronze |
| Law is based on |
Based on Portuguese civil law Upgrade to Bronze |
| Approach |
Short leash Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Jointly Led Upgrade to Bronze |
| DominantModel |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",118.18],["Banked",40],["Internet",19],["Urban",59],["Adult",62],["Literate",83.7821]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 0.53 |
| Adult % | 62.00 |
| Migrants % |
2.00 Register/Log In |
| Stock Immigrants ('000) |
12.10 Upgrade to Bronze |
| Emigration Rate % |
30.50 Upgrade to Bronze |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % |
32.10 Upgrade to Bronze |
| Urban % | 59.00 |
| Female % | 50.40 |
| Literate % | 83.78 |
| Annual Growth % |
| Mobile Penetration % | 118.18 |
| Banked % | 40.00 |
| Access to FS % | 40.00 |
| Internet % | 19.00 |
| Branches per 100k adults | 23.60 |
| ATMs per 100k adults | 33.41 |
| POS per 100k adults | 308.37 |
| Prepaid % | 98.90 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 0.32 |
| Monthly ARPU |
24.59 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Medium Term Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |