Benin - ECommerceBenin - eCommerce
Electronic commerce is becoming more viable as public access to smartphone technology increases. Broadcast, print media, and text messages are also useful.
The introduction and use of ATMs and credit cards by local commercial banks is enhancing business practices in the country, though the overwhelming majority of transactions are still done in cash, and even large businesses might not accept credit cards. Some mobile operators have introduced a mobile money payment system that is gaining in popularity.
The existence of online sales portals and increased social media forum usage allows buying and selling activities thanks to an increased internet penetration rate of 40.40% in December 2017 versus 25.17% in 2016, of which mobile internet accounted alone for 99.38% in 2017.