How can I get paid from abroad in Ouagadougou?

A global payment account gives you account details in currencies such as USD, EUR or GBP, so clients and marketplaces can pay you locally in their country. You then convert to XOF and withdraw.

What does it cost to convert to XOF?

Costs are the conversion margin plus any withdrawal fee to your local bank in Burkina Faso. Compare both, as they vary a lot between providers.

Who regulates international bank accounts & e-wallets in Ouagadougou?

Providers serving customers in Burkina Faso fall under Banque Centrale des États de l'Afrique de l'Ouest (BCEAO). As a WAEMU/UEMOA member, Burkina Faso's credit institutions are approved and supervised under the uniform WAEMU banking regulation by the BCEAO, and payment institutions and electronic-money issuers require BCEAO authorisation under the regional payment services rules. Verify the provider's BCEAO approval before holding CFA franc balances with it.

Who uses global payment accounts in Ouagadougou?

Freelancers, remote workers, online sellers and small exporters in Ouagadougou use them to receive foreign income without opening bank accounts abroad.

Ouagadougou Digital Bank · International Bank Accounts & e-Wallets · Burkina Faso

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Compare international bank accounts & e-wallets providers available to Ouagadougou, Burkina Faso residents — with clear fees, features, and eligibility in one place.

Eligibility, pricing, and availability vary by provider, residency, and regulation in Burkina Faso. Confirm the terms directly with each provider before opening an account.

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Check the regulator and any provider directly to confirm availability in Burkina Faso before opening an account.

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Local guide

International Bank Accounts & e-Wallets in Ouagadougou: what to know

Global payment accounts help people in Ouagadougou, Burkina Faso get paid by clients, marketplaces and platforms in other countries, then convert the money into XOF (West African CFA franc (issued by the BCEAO)). They are popular with freelancers, online sellers and remote workers in Ouagadougou.

Currency in Burkina Faso: XOF · West African CFA franc (issued by the BCEAO)
Regulator in Burkina Faso: Banque Centrale des États de l'Afrique de l'Ouest (BCEAO)(opens in a new tab)
Local accounts in Burkina Faso: Burkinabe accounts carry the 28-character IBAN starting BF: two check digits, the two-character bank code, a two-digit branch code and the 16-digit account, the format used throughout UEMOA.
Payments in Burkina Faso: The BCEAO operates the regional RTGS and the UEMOA-wide clearing in which Burkinabè banks participate, SICA-UEMOA interconnects card and mobile-money services across the union, and mobile wallets from Orange Money, Moov Money and competitors carry the majority of everyday person-to-person payments in a cash-heavy economy; the country remains in the UEMOA monetary zone despite its wider political realignment in the Sahel.

Before you sign up in Ouagadougou

Check which currencies you can receive, the conversion fee to XOF (West African CFA franc (issued by the BCEAO)), and the withdrawal fee to a local account in Burkina Faso.

Sources: Banque Centrale des États de l'Afrique de l'Ouest (BCEAO)

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Disclosure: Digital Bank Networks is not a bank. We are an independent comparison platform. Some of the providers on this page are our affiliate partners, and we may receive compensation when you open an account through our links. This does not affect our ratings or rankings, which are based on independent analysis. All information is provided for educational purposes only. Please review each provider's terms and conditions before opening an account.