Eritrea

mkt_er

Eritrea's nakfa-based payments market served about 3.6 million residents in 2025. Banks and physical currency form the domestic payment setting, with access to external transfer and acceptance services depending on provider coverage. Internationally comparable income data are limited.

Alpha-3:ERI
NUM:232
Population
3.6M
GDP
$2.1B
GDP per Capita
$688.7
GDP Growth
3.1%
Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Eritrea

Eritrea remains strongly dependent on physical cash, with limited card acceptance and no reliable international ATM route. Nakfa notes anchor local spending, while restricted electronic access makes cashless checkout uncommon.

ATMs (PER 100K)
3.4
BANKS (PER 100K)
2.2
DEBIT CARDS (PER ADULT)
0.0
CREDIT CARDS (PER ADULT)
0.0
Compare

IMF, Financial Access Survey (FAS), 2025

Payment Methods

Estimated Monthly Usage, Aurato Research, October 2026

Schemes

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Systems

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PSPs

Compliance

Standards