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Bank transfers in Rwanda are regulated by the National Bank of Rwanda to enhance financial transaction efficiency and transparency. As of 2023, around 4.8 million users are engaged with digital payment systems, a significant increase from previous years. This growth reflects broader financial inclusion trends, with about 66% of the adult population digitally included, up from 46% in 2016. However, traditional banking remains limited, with only about 13.3% of the population utilizing banking facilities.
Method
Bank Transfer (RW)
LPM Market Share
8%
Payments
Yes
Refunds
No - refunds not supported
Type
Bank Transfer
Local Card Scheme
Users
4.8M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
