# Yemen — payment codes and schemes

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

## Summary

- **Mahfathati-Tadhamon** QR payment system
- **Cash E-Wallet** mobile money service
- **Floosak** mobile wallet platform
- **10+ fintech startups** emerging
- **UNICEF pilot** digital humanitarian payments

## Banking landscape

### Central Bank
- **Name:** Central Bank of Yemen (CBY)
- **Role:** Monetary policy (split administration)
- **Challenge:** Dual authority (Sana'a/Aden)

### Major Banks (2024)

| Rank | Bank Name | Type | Digital Platform |
|------|-----------|------|------------------|
| 1 | Tadhamon Bank | Private | Mahfathati |
| 2 | Yemen Bank for Reconstruction | State | Limited |
| 3 | Yemen Commercial Bank | Private | YCB Mobile |
| 4 | Cooperative & Agricultural Credit Bank | State | CAC Mobile |
| 5 | Al-Kuraimi Bank | Private | Floosak |

### Market Structure
- **Conflict-affected:** Split banking system
- **Cash dominant:** Limited digital
- **Mobile money:** Growing alternative
- **Humanitarian:** Aid-driven innovation

---

## Payment infrastructure

### National Payment Systems

| System | Operator | Type | Status |
|--------|----------|------|--------|
| Mahfathati | Tadhamon Bank | Mobile wallet/QR | Active |
| Cash E-Wallet | Various | Mobile money | Active |
| Floosak | Al-Kuraimi | E-wallet | Active |

### Fintech Landscape
- **10+ startups** in payments space
- **Mobile money** primary channel
- **Humanitarian tech** partnerships
- **Growing innovation** despite conflict

### Infrastructure Challenges
- Conflict damage
- Split administration
- Currency issues
- Limited connectivity

---

## QR code standards

### Mahfathati-Tadhamon QR

| Attribute | Value |
|-----------|-------|
| **Operator** | Tadhamon Bank |
| **App** | Mahfathati |
| **Type** | QR payments |
| **Features** | Merchant, P2P |

### QR Payment Features
- Merchant QR payments
- Bill payments
- P2P transfers
- Mobile top-up

### Mobile Wallet QR
- Floosak QR codes
- Cash E-Wallet transfers
- Scan to pay
- Agent network

### Adoption Context
- Humanitarian aid distribution
- Urban concentration
- Growing merchant network
- Alternative to cash

---

## Mobile payment apps

| App | Provider | QR | Features |
|-----|----------|-------|----------|
| Mahfathati | Tadhamon | Yes | Full wallet |
| Floosak | Al-Kuraimi | Yes | E-wallet |
| Cash E-Wallet | Various | Yes | Mobile money |

### Mahfathati (My Wallet)
- Tadhamon Bank product
- QR code payments
- Bill payments
- Money transfers
- Agent network

### Floosak
- Al-Kuraimi Bank
- Mobile wallet
- QR payments
- Cash-in/cash-out
- Agent network

### Cash E-Wallet
- Multiple providers
- Mobile money service
- QR support
- Wide agent network

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [Mahfathati](https://docs.barcoder.ai/docs/payments/YE/mahfathati) | Mobile wallet | QR | Growing | [`mahfathati`](https://docs.barcoder.ai/docs/standards/mahfathati) |
| [Floosak](https://docs.barcoder.ai/docs/payments/YE/floosak) | E-wallet | QR | Active | [`floosak`](https://docs.barcoder.ai/docs/standards/floosak) |
| [Cash E-Wallet](https://docs.barcoder.ai/docs/payments/YE/cash-e-wallet) | Mobile money | Various | Active | — |

## Sources

- Tadhamon Bank - Mahfathati services
- Al-Kuraimi Bank - Floosak platform
- UNICEF Yemen - Digital payments pilot
- World Bank - Yemen financial inclusion
- Academic research - Yemen fintech
- Humanitarian reports - Aid delivery
- Regional analysis - Middle East payments
- News sources - Payment developments

## Full country report

[YE-yemen.md](https://docs.barcoder.ai/docs/payments/YE)