# Comoros — payment codes and schemes

> Source: https://docs.barcoder.ai/docs/payments/KM
> extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

## Summary

- **National Payment Switch** launched (PayLogic)
- **Mvola** leading mobile money (Yas Telecom)
- **MobiCash** expanding in rural areas
- **70% unbanked** population
- **Interoperability** banks and mobile money

## Banking landscape

### Central Bank
- **Name:** Banque Centrale des Comores (BCC)
- **Website:** https://www.bcc.km/
- **Role:** Monetary policy, payment oversight

### Major Banks (2024)

| Rank | Bank Name | Type | Digital Platform |
|------|-----------|------|------------------|
| 1 | Banque de Développement des Comores | Development | BDC Mobile |
| 2 | Banque Fédérale de Commerce | Commercial | BFC App |
| 3 | Exim Bank Comoros | Pan-African | Exim Mobile |
| 4 | Banque pour l'Industrie et le Commerce | Commercial | BIC App |

### Market Structure
- **70%+ unbanked:** Population underserved
- **Few ATMs:** Limited infrastructure
- **Cash dominant:** Primary payment
- **Mobile money:** Growing alternative

---

## Payment infrastructure

### National Payment Systems

| System | Operator | Type | Status |
|--------|----------|------|--------|
| National Payment Switch | PayLogic | Interbank | Active |
| Mvola | Yas Telecom | Mobile money | Active |
| MobiCash | Telma | Mobile money | Active |
| D7 | Provider | Mobile money | Active |

### National Payment Switch (PayLogic)
- Unified payment system
- Banks connected
- Microfinance institutions
- Mobile money operators
- Real-time transactions

### Switch Features
- Interoperability enabled
- Seamless bank-mobile transfers
- Expanded access
- Rural area reach
- Faster settlements

---

## QR code standards

### No Widespread QR Standard

| Attribute | Value |
|-----------|-------|
| **National QR** | Not established |
| **Mobile Money** | Limited QR |
| **Focus** | Interoperability first |
| **Infrastructure** | Developing |

### Payment Switch Priorities
- Interoperability first
- Bank-mobile linkage
- Real-time processing
- Security framework
- Rural expansion

### Future Potential
- QR codes possible via switch
- Mobile money evolution
- Merchant payments
- Digital inclusion

---

## Mobile payment apps

| App | Provider | QR | Features |
|-----|----------|-------|----------|
| Mvola | Yas Telecom | Limited | Full wallet |
| MobiCash | Telma | Limited | Mobile money |
| D7 | Provider | Limited | Basic transfers |

### Mvola
- Most prominent mobile money
- Send and receive money
- Pay utility bills
- Mobile top-up
- Yas Telecom backed

### MobiCash
- Expanding digital payments
- Rural area focus
- Agent network
- Underserved population access

### Mobile Access
- 60%+ phone access (2021)
- Growing smartphone penetration
- Financial transaction use
- Digital transformation

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [National Switch](https://docs.barcoder.ai/docs/payments/KM/national-switch) | Interbank | PayLogic | New | [`national-switch`](https://docs.barcoder.ai/docs/standards/national-switch) |
| [Mvola](https://docs.barcoder.ai/docs/payments/KM/mvola) | Mobile money | Yas | Leading | — |
| [MobiCash](https://docs.barcoder.ai/docs/payments/KM/mobicash) | Mobile money | Telma | Growing | — |

## Sources

- [PayLogic - National Switch](https://pay-logic.com/paylogic-announces-the-go-live-of-the-comoross-national-interoperable-payment-switch/)
- [XD Africa - Payments Comoros](https://www.xdafrica.com/article/payments-in-comoros)
- [Transfi - Comoros Payments](https://www.transfi.com/blog/popular-local-payment-methods-and-solutions-in-comoros)
- [World Bank - Payment Systems](https://documents1.worldbank.org/curated/en/812791592801563444/pdf/Comoros-Payments-and-Settlement-Systems-Oversight-Policy-Framework.pdf)
- [Wise - Payment Methods](https://wise.com/gb/hub/payment-methods/comoros)
- [Swift Codes Comoros](https://www.theswiftcodes.com/comoros/)

## Full country report

[KM-comoros.md](https://docs.barcoder.ai/docs/payments/KM)