# Togo — payment codes and schemes

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

## Summary

- **TMoney** dominant (61% market)
- **Flooz** competitor (39% market)
- **45.4%** mobile money penetration
- **GIM-UEMOA** regional integration
- **Gozem Money** new entrant 2024

## Banking landscape

### Central Bank
- **Name:** BCEAO (Central Bank of West African States)
- **Website:** https://www.bceao.int/
- **Role:** Regional monetary policy (WAEMU zone)

### Major Banks (2024)

| Rank | Bank Name | Type | Digital Platform |
|------|-----------|------|------------------|
| 1 | Ecobank Togo | Pan-African | Ecobank Mobile |
| 2 | UTB (Union Togolaise de Banque) | Local | UTB Mobile |
| 3 | Orabank Togo | Regional | Orabank App |
| 4 | BTCI | State | BTCI Mobile |
| 5 | Banque Atlantique | Regional | Atlantic App |

### Market Structure
- **TMoney:** 61% market share (Togocom)
- **Flooz:** 39% market share (Moov Africa)
- **3.55M users:** Total mobile money
- **45.4%:** Penetration rate

---

## Payment infrastructure

### National Payment Systems

| System | Operator | Type | Status |
|--------|----------|------|--------|
| TMoney | Togocom | Mobile money | Dominant |
| Flooz | Moov Africa | Mobile money | Active |
| GIM-UEMOA | Regional | Interbank | Active |
| Gozem Money | Gozem | Mobile money | 2024 |

### TMoney Performance (Q1 2024)
- CFA 649 billion transactions
- 11% growth
- 2.16 million users (60%)
- Togo Cellulaire operator

### Flooz Performance (Q1 2024)
- CFA 269 billion transactions
- 12% decline
- 1.4 million users (40%)
- Moov Africa Togo

---

## QR code standards

### Limited QR Implementation

| Attribute | Value |
|-----------|-------|
| **National QR** | Not standardized |
| **TMoney** | USSD/App primary |
| **Flooz** | USSD/App primary |
| **GIM-UEMOA** | Card-focused |

### Mobile Money Dominance
- USSD primary channel
- App-based access
- Agent networks
- QR secondary

### Gozem Money (2024)
- Full interoperability
- All operators compatible
- Top-up capability
- Transfer across platforms
- Platform purchases

---

## Mobile payment apps

| App | Provider | QR | Features |
|-----|----------|-------|----------|
| Mixx Togo | Togocom | Limited | TMoney |
| Moov Money | Moov Africa | Limited | Flooz |
| Gozem Money | Gozem | Yes | Interop |

### TMoney Features
- Money transfers
- Bill payments
- Airtime purchase
- Agent network
- 61% market leader

### Flooz Features
- Money transfers
- Bill payments
- Airtime purchase
- Agent network
- 39% market share

### Gozem Money (New)
- Super-app platform
- Full interoperability
- Multiple operators
- Transport integration
- Late 2024 launch

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [TMoney](https://docs.barcoder.ai/docs/payments/TG/tmoney) | Mobile money | App/USSD | 61% | [`tmoney`](https://docs.barcoder.ai/docs/standards/tmoney) |
| [Flooz](https://docs.barcoder.ai/docs/payments/TG/flooz) | Mobile money | App/USSD | 39% | [`flooz`](https://docs.barcoder.ai/docs/standards/flooz) |
| [GIM-UEMOA](https://docs.barcoder.ai/docs/payments/TG/gim-uemoa) | Interbank | Cards | Active | — |

## Sources

- [TransFi - Togo Payment Rails](https://www.transfi.com/blog/togos-payment-rails-how-they-work---gim-uemoa-mobile-money-expanding-instant-transfers)
- [Ecofin Agency - Gozem Money](https://www.ecofinagency.com/finance/1209-45881-gozem-to-launch-mobile-money-service-in-togo-by-late-2024)
- [Togo First - Togocom Subsidiary](https://www.togofirst.com/en/telecom/2810-15076-togocom-launches-new-subsidiary-to-manage-mobile-money-segment)
- [La Poste Togo - TMoney/Flooz](https://www.laposte.tg/services-financiers/tmoney-flooz)
- [Google Play - Mixx Togo](https://play.google.com/store/apps/details?id=tg.togocom.tmoney)
- [Togo First - Mobile Money Inclusion](https://www.togofirst.com/en/finance/2504-723-togo-mobile-money-drives-financial-inclusion-according-to-world-bank-global-findex)
- [Tech Cabal - Gozem Expansion](https://techcabal.com/2025/10/14/togos-gozem-expands-into-mobile-money-with-new-fintech-platform/)
- [Novalnet - Togo Payments](https://www.novalnet.com/payment-countries/togo/)

## Full country report

[TG-togo.md](https://docs.barcoder.ai/docs/payments/TG)