How can I get paid from abroad in Praia?

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 CVE and withdraw.

What does it cost to convert to CVE?

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

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

Providers serving customers in Cape Verde fall under Banco de Cabo Verde (BCV). Banks and financial institutions operating in Cape Verde must be authorised and supervised by the Banco de Cabo Verde under the financial institutions law, and payment institutions and electronic-money issuers require BCV authorisation. Confirm the provider's BCV licence before holding escudo balances with it.

Who uses global payment accounts in Praia?

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

Praia Digital Bank · International Bank Accounts & e-Wallets · Cape Verde

Best International Bank Accounts & e-Wallets in Praia

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

Eligibility, pricing, and availability vary by provider, residency, and regulation in Cape Verde. 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 Cape Verde before opening an account.

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

Global payment accounts help people in Praia, Cape Verde get paid by clients, marketplaces and platforms in other countries, then convert the money into CVE (Cape Verdean escudo (pegged to the euro)). They are popular with freelancers, online sellers and remote workers in Praia.

Currency in Cape Verde: CVE · Cape Verdean escudo (pegged to the euro)
Regulator in Cape Verde: Banco de Cabo Verde (BCV)(opens in a new tab)
Local accounts in Cape Verde: Cape Verdean accounts use the 25-character IBAN starting CV: after the check digits come the bank code, branch code and account number, and the escudo's peg to the euro anchors the currency.
Payments in Cape Verde: The Banco de Cabo Verde operates the RTGS for high-value settlement and the interbank clearing for retail payments under its national payment-system oversight, bank apps and the shared interbank card/POS infrastructure serve everyday payments, the euro peg anchors cross-border flows to Portugal and the wider euro area, and the diaspora remittances that sustain the economy arrive through banks and money transfer operators.

Before you sign up in Praia

Check which currencies you can receive, the conversion fee to CVE (Cape Verdean escudo (pegged to the euro)), and the withdrawal fee to a local account in Cape Verde.

Sources: Banco de Cabo Verde

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Frequently Asked Questions

Common questions about international bank accounts & e-wallets in Praia

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.