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Guinea-Bissau

Electronic wallet

Service specification

TypeDescription
Cash-out methodDirect credit to electronic wallet account in Communauté Financière Africaine BCEAO, Francs (XOF).
Supported beneficiary account type – Individual only.
Supported sender type – Individual only.
Transaction Turnaround Time· Real-time: 24x7 (within 15 minutes)
Area availabilityGuinea-Bissau nationwide
Validation / VerificationValidation with the registered mobile number.
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction Limit The define of account level are based on supplier KYC.

Type of KYC Account Minimum KYC Normal Client Agent
Maximum per transaction XOF 200,000.00 XOF 2,000,000.00 XOF 2,000,000.00
Minimum per transaction XOF 200.00 XOF 200.00 XOF 200.00
Maximum per daily XOF 200,000.00 XOF 2,000,000.00 XOF 2,000,000.00
Maximum per monthly XOF 200,000.00 XOF 10,000,000.00 XOF 500,000,000.00

Compliance accumulated limit XOF 2,000,000.00 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service Charge Transaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation Process Cancellation is on best effort basis.
Remarks · Beneficial Account Number (bAccNum) is a beneficiary mobile number and must include the country code (eg : 245123456789).
· Sender and Beneficiary Phone Number is mandatory (with country code).
Do_Transfer bAccType Value2

List of e-wallet service

NoNameIssuer Code
1MTN Guinea BissauEWGWMTN