What online payment methods does Algeria use?

19 Jul 2024

It is noteworthy that Algeria's payment methods have changed significantly over time to reflect the increasing use of digital financial services. Different platforms and solutions are available for Algerians to enable them to perform transactions, pay bills, and shop online effectively. 

This article will delve into the popular Algeria payment method, while also discussing the benefits of using PayCEC for secure and practical payments.

Popular Algeria payment methods

Since Algeria is a cash-based economy, cash is still the most popular method in the country even when there are other innovative digital methods such as credit cards, e-wallets, mobile wallets, bank transfers, prepaid cards, etc.

According to data reported by Statista, besides cash, there are four most popular payment methods in Algeria in 2024. They are credit cards (47%), Prepaid cards (31%), E-wallets (10%), mobile wallets (5%), and bank transfers (5%).

1. Credit & Debit cards

Credit cards like Visa or MasterCard are one of the most widely used payment cards in Algeria. It can be issued by several banks and allows users to do various banking operations, such as ATM withdrawals, online payments, and cash withdrawals. Debit cards like CIB and Edahabia are also popular choices for online transactions. These cards are typically linked to a bank account, which makes managing finances simple.

Also, it should be noted that the EDAHABIA card is one of the favorite options for the Algeria payment methods, issued by Algeria Post (Algérie Poste). For instance, this card can cater to transactions like bill payments, internet shopping, or cash withdrawals. The user’s postal account is linked to it; hence, it can be a multifunctional means of payment.

2. E-Wallets

E-wallets are the second most used payment method in Algeria. Though not as common as credit and debit cards, e-wallets are gaining traction in recent years. International options like PayPal and Pioneer are also available along with some Algeria financial services.

3. Mobile Payments

Mobile payment solutions have become more popular as a way of paying in Algeria due to the extensive use of smartphones. An example is Ouedkniss Pay, whereby one can make payments using their device, which makes it an easy and fast mode of doing business.

4. Cash on Delivery