Equatorial Guinea has a distinct currency, money customs, and banking customs. Thus, it makes sense that you would find it tricky to figure out the best way to pay in the country during your vacation or business travel.
Luckily for you, below is a guide about Equatorial Guinea currency and the various methods of payment used in the nation. Let’s dig deeper.
Equatorial Guinea Currency
The Central African CFA Franc is the currency used to pay for goods and services in the nation of Equatorial Guinea. The CFA Franc has been officially recognized by the government, meaning that you can use it to pay at restaurants, have some fun with retail therapy, and settle any other financial obligations.
Payment Methods In Equatorial Guinea
Fortunately for travelers to Equatorial Guinea, there are various forms of payment that they can use in the nation. These are listed below.
Debit Cards
You can link debit cards to your bank account and use them to pay for goods and services at point-of-sale terminals. Moreover, you can head to the nearest ATM and use your debit card to withdraw some cash.
Credit Cards
Equatorial Guinea will accept cards issued by Mastercard and VISA, which streamlines payments for you. The good news is that almost all tourist establishments accept credit cards issued by these two companies, so you will never be left stranded.
Mobile Payments
Various mobile payment services have garnered traction in the nation, for example, Google Pay, Ali Pay, and, of course, Apple Pay. However, you are advised to make sure these are still operational and functional when you travel to Equatorial Guinea.
Prepaid Travel Cards
If you are someone who tends to worry about money, then prepaid travel cards can be the answer to your prayers. You can enjoy a hassle and stress-free vacation with a reloadable debit card. All you have to do is put in CFA Franc balance into it beforehand for excellent security, convenience, and value.
Cash
Of course, cash is the most obvious form of payment which is available at every location in the nation of Equatorial Guinea. When traveling for any purpose, it is recommended that you keep some CFA Franc banknotes handy. They could help you when making small purchases, tipping at restaurants or other service-based establishments, and in emergencies.
The versatility of carrying cash will further allow you to exchange it at an exchange bureau or bank at any point during your vacation.
Conclusion
Equatorial Guinea is a wonderful place to travel to for a break from the hustle and bustle of real life. You can start planning to visit it soon and enjoy a smooth experience making purchases and payments in Equatorial Guinea currency. You can also leverage the various payment methods to maximize convenience and have a great time in this nation.