D-Money

What D-Money does

D-Money is the national digital mobile money service of the Republic of Djibouti, wholly operated by state-owned Djibouti Telecom and commercially launched in June 2020. The platform enables consumers, businesses, and government entities across Djibouti to deposit, withdraw, transfer money, purchase mobile airtime, pay utility bills (Djibouti Telecom, EDD electricity), and settle merchant payments without cash. It serves both banked and unbanked populations, with free account opening, free deposits, and free merchant receipts. Government clients include the Ministries of Interior, Labor, Energy, and Social Affairs (via the ASERI solidarity program), along with UN agencies operating in Djibouti.

The platform is built on Djibouti Telecom's GSM/Evatis SIM infrastructure and issues Electronic Value Units (UVE) denominated in Djibouti Francs (FDJ). Access is dual-mode: a USSD short code (*111#) for users without data connectivity, and a native mobile application on iOS and Android. The system is interconnected with seven domestic banks — Exim Bank, CAC International Bank, East Africa Bank, BCIMR, IIB, Bank of Africa, and Saba African Bank — enabling bank-to-wallet and wallet-to-bank transfers 24/7. International remittances are routed via a partnership with Irmaan International Exchange to destinations across Africa, the Middle East, Europe, and North America. Modular products layered onto the wallet include a Payment Gateway (WordPress, WooCommerce, PrestaShop, custom CMS), AMANA emergency airtime-credit advances, a loyalty program, and Safa e-SIM purchases for international travelers.

D-Money's business model combines a freemium consumer tier (free opening, deposits, and merchant payments) with transaction fees on withdrawals, transfers, and bank interconnections, plus a 1% take rate on corporate partner mass payments. Distribution leverages Djibouti Telecom's nationwide physical network of agencies, agents, and sub-distributors alongside digital channels (USSD, mobile app, customer hotline 2525). Enterprise solutions are served through a dedicated Partner app and back-office portal targeting payroll, bulk airtime, and supplier payments. The service is positioned as a national financial inclusion instrument aligned with the Djibouti Vision 2035 digital transformation agenda.

Name

D-Money

Legal name

Djibouti Telecom

Website

https://d-money.dj

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

D-Money is Djibouti's national mobile money platform, operated by state-owned Djibouti Telecom, offering electronic wallets, domestic and international transfers, bill payments, merchant payments, and bank interconnections to consumers, businesses, and government entities across the Republic of Djibouti.

Ownership category

akta.pro rank

Product category

Mobile Money Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAMAEAA

General-Purpose Digital Wallets (P2P + Merchant)

Financial & Insurance/Payments & Transaction Processing/Digital Wallets & Mobile Payments

SECONDARYFSAGAAAF

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P)

Financial & Insurance/Financial Technology (Fintech)/Digital Banking & Neobanking Platforms

SECONDARYFSAMAEAC

QR Code Payments Wallets

Financial & Insurance/Payments & Transaction Processing/Digital Wallets & Mobile Payments

SECONDARYFSAMAIAA

Consumer Remittances (P2P)

Financial & Insurance/Payments & Transaction Processing/Cross-Border Payments & Remittances

Keywords

• Mobile money services
• Digital wallet platform
• Money transfer services
• Electronic payments
• Mobile banking

Headquarters

HQ city

Jibuti

HQ country

Djibouti

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Transaction Fees: D-Money charges fees on certain transactions such as money transfers and withdrawals. The tariff schedule is published at Djibouti Telecom agencies, sub-distributors, and on the website. Some services are free (account opening, deposits, merchant payments). Corporate partners pay 1% fee on transfer amounts.
2. Banking Interconnection Fees: Fees are charged for bank-to-wallet and wallet-to-bank transfers through the interconnected banking partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels9 records

Core offering

D-Money is a digital mobile money wallet service that enables individuals and businesses in Djibouti to deposit, withdraw, transfer, and transact money electronically via mobile phone (USSD or app). The service stores value in Electronic Value Units (UVE) denominated in Djibouti Francs, fully backed by legal tender held with partner banks. It supports domestic and international money transfers, airtime purchases, bill payments, merchant payments, bank-to-wallet interconnections, corporate mass payments, and an online payment gateway for e-commerce.

Product overview

D-Money is a digital mobile money platform operated by Djibouti Telecom offering a comprehensive suite of financial services accessible via mobile phone. The core D-Money wallet enables money deposits, withdrawals, transfers, airtime purchases, bill payments, and merchant payments. The platform extends through modular services including Payment Gateway for business e-commerce integration, AMANA emergency credit advances, a loyalty rewards program, and international money transfer via Irmaan partnership. Corporate solutions provide mass transfer and group airtime recharge for businesses. All services are accessible via mobile application (iOS/Android) and USSD code (*111#). The platform integrates with multiple local banks (BCIMR, BOA, IIB, EAB, CAC, Exim) for bank-to-wallet functionality, and partners with Safa e-SIM for international connectivity purchases.

Differentiator

Problem solved

Functional benefit

Products and services

• D-Money Mobile Wallet Digital mobile money wallet service enabling users to deposit, withdraw, transfer money, purchase airtime, pay bills, and make merchant payments via mobile phone using USSD or mobile application. Built on Djibouti Telecom's GSM/Evatis SIM infrastructure, supports Electronic Value Units (UVE) denominated in Djibouti Francs.
• D-Money Payment Gateway Online payment solution for businesses enabling e-commerce sites, mobile apps, and physical POS terminals to accept D-Money payments with SSL encryption, OTP verification, and real-time transaction confirmation. Supports WordPress, WooCommerce, PrestaShop, and custom CMS platforms.
• AMANA Emergency Credit (D-Money Avance) Emergency credit recharge service providing immediate phone credit advances to eligible D-Money users even with zero balance, with automatic repayment upon next wallet recharge within two weeks.
• D-Money Loyalty Program Rewards program automatically earning points on every transaction (bill payments, purchases, recharges, transfers) that can be converted to electronic money, bonuses, or exclusive gifts.
• International Money Transfer (via Irmaan) International money transfer service enabling D-Money users to send money abroad to destinations across Africa, Middle East, Europe, and North America through Irmaan International Exchange partnership.
• Safa e-SIM Purchase Service International e-SIM card purchase service allowing D-Money users to buy and pay for e-SIM cards for travel destinations (Saudi Arabia, France, China, UAE) directly from their digital wallet, with QR code activation.
• Corporate Mass Transfer Solution Bulk payment solution enabling businesses to securely transfer salaries, bonuses, allowances, and payments to multiple employees or commercial partners in a single operation, accessed via the dedicated D-Money Partner app and backoffice.
• D-Money Merchant Payment Service Merchant payment service allowing D-Money users to pay for goods and services at participating retail locations without cash, with free transactions and SMS confirmations, using unique merchant codes displayed at point-of-sale.
• Domestic Money Transfer Domestic money transfer service enabling users to send money to other D-Money users or non-users across Djibouti via mobile phone, accessible via USSD (*111#) or mobile application without requiring internet connectivity.
• Cash Deposit Cash deposit service allowing users to add funds to their D-Money wallet at Djibouti Telecom agencies, authorized agents, and distributors nationwide for free.
• Cash Withdrawal Cash withdrawal service enabling users to withdraw funds from their D-Money wallet at agencies, authorized agents, and distributors throughout the country per the published tariff schedule.
• Bill Payment Bill payment service for Djibouti Telecom and EDD electricity bills, allowing users to pay their own or third-party bills remotely via mobile application or USSD.

Quantifiable outcome

• 100% coverage of electronic money backed by legal tender deposited with partner banks
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature8 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Banque pour le Commerce et l'Industrie – Mer Rouge (BCIMR)coreTechnology or Integration · 23 October 2025BCIMR interconnection allows instant, secure transfers between BCIMR bank accounts and D-Money wallets. Enables corporate clients to transfer receipts or settle inter-account payments in seconds, with improved cash management through immediate fund availability between D-Money and BCIMR.
• AS Obock Football ClubminorStrategic or Co-development Partner · 23 December 2024Partnership to digitize salary and bonus payments for AS Obock football club players and staff. All payments for salaries, match bonuses, and training fees are made via the D-Money platform, simplifying club financial management and ensuring transparent, efficient transactions.
• Bank of Africa (BOA)coreTechnology or Integration · 26 September 2024Bank of Africa interconnection enabling instant, secure transfers between BOA bank accounts and D-Money wallets. Customers can link their BOA account to D-Money via the app, recharge wallets from bank accounts, and transfer funds between accounts without physical branch visits. Part of D-Money's bank interconnection ecosystem.
• International Investment Bank (IIB)coreTechnology or Integration · 1 August 2024IIB joined D-Money's bank interconnection network as the sixth banking institution. The interconnection enables IIB clients to benefit from instant fund transfers, bill payments, and access to D-Money's digital financial services. D-Money users can also access IIB banking services remotely.
• East Africa Bank (EAB)coreTechnology or Integration · 15 December 2020Partnership formalized at the Djibouti Fintech Forum, enabling EAB customers to recharge D-Money wallets from their bank account and non-banked individuals to acquire electronic money at bank branches.
• CAC International BankcoreTechnology or Integration · 12 October 2020Partnership signed in October 2020 enabling interconnection between D-Money and CAC International Bank, allowing bank customers to top up D-Money wallets and non-banked individuals to acquire electronic money at bank branches.
• Exim Bank DjibouticoreTechnology or Integration · 8 October 2020First bank to integrate with D-Money. The partnership allows Exim Bank clients to recharge D-Money wallets from their bank account and non-banked individuals to acquire electronic money at bank branches. Aimed at expanding financial inclusion.
• Saba African BankcoreTechnology or IntegrationBank interconnection enabling Saba African Bank customers to link their bank accounts to D-Money wallets for instant transfers, wallet funding, and balance checking.
• East Africa Bank (EAB)coreTechnology or IntegrationEast Africa Bank interconnection allows EAB customers to link bank accounts to D-Money, recharge wallets from their bank account, and transfer money between accounts without visiting a branch. EAB was among the first banks to partner with D-Money.
• Exim Bank DjibouticoreTechnology or IntegrationExim Bank interconnection enables bank customers to link accounts with D-Money wallets. The partnership was the first to be formalized with D-Money in October 2020, allowing mutual fund transfers between Exim Bank accounts and D-Money.
• CAC International BankcoreTechnology or IntegrationCAC International Bank interconnection allows customers to link bank accounts to D-Money wallets for instant fund transfers and wallet funding. CAC was one of the first banks to partner with D-Money for digital financial inclusion.
• Irmaan International ExchangecoreTechnology or IntegrationStrategic partnership enabling D-Money users to send international remittances to Africa (Côte d'Ivoire, Djibouti, Egypt, Ethiopia, Kenya, Senegal, Somalia, Somaliland, Yemen), Middle East (Saudi Arabia, UAE, Turkey), and Europe/North America (Belgium, Canada, Sweden). Irmaan Exchange branches also serve as cash deposit and withdrawal points for D-Money users.
• United Nations Development Programme (UNDP / PNUD)minorStrategic or Co-development PartnerJoint initiative with UNDP to transform 10 disused public telephone booths into multi-service kiosks. The kiosks are equipped with computers, printers, and solar panels, creating income-generating opportunities for unemployed youth and people with disabilities.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Regional players

• bKash (Bangladesh): bKash is the dominant mobile financial services platform in Bangladesh — a single-country telco-partnered wallet serving an unbanked mass market. Its model (USSD access, agent cash-in/out, merchant pay, government disbursements) is structurally analogous to D-Money, though in South Asia.
• Tcash / Telkomsel (Indonesia): Telkomsel's TCash/LinkAja is an Indonesian telco-led mobile money platform offering USSD wallet, bill pay, and merchant payments in a single market. Comparable to D-Money in its dependence on a dominant national telco, but operates at significantly larger scale in Indonesia.
• Paytm (One97 Communications): Paytm is India's largest mobile wallet and payment gateway, offering wallet, merchant payments, e-commerce integration, and bill payments. While much broader than D-Money, its freemium model, payment gateway plugin strategy, and merchant acquisition playbook are highly comparable.

Broad incumbents

• PayPal: PayPal is a global digital wallet and payments incumbent. While not a direct African mobile money competitor, it represents the broader incumbent digital wallet category against which emerging-market mobile wallets like D-Money are benchmarked on payment gateway APIs, merchant onboarding, and cross-border functionality.
• MTN MoMo (MTN Group): MTN MoMo is one of Africa's largest mobile money services, deployed across multiple MTN markets. It is directly comparable to D-Money in product surface (USSD wallet, merchant pay, bank links, remittances) and in its dependence on a dominant MNO's distribution — though at materially larger scale.
• M-Pesa (Safaricom / Vodacom): M-Pesa is the dominant African mobile money operator, founded in Kenya and now spanning multiple countries. It is the global benchmark for a telco-led mobile money wallet with USSD access, bank interoperability, and merchant payments — directly comparable to D-Money's architecture and service mix.
• Airtel Money (Airtel Africa): Airtel Money is a multi-country African mobile money platform offering P2P, merchant, and remittance services. It competes with telco-led wallets like D-Money and would be a likely potential entrant into the Djibouti market if the regulatory framework permitted.

Direct peers

• Orange Money: Orange Money is a pan-African mobile money service operating in multiple Francophone African countries — particularly relevant given Djibouti's French-speaking context. It offers the same core feature set as D-Money (P2P transfers, bill pay, merchant payments, international remittances) via a telco partner network.
• Wave (mobile money): Wave is a fast-growing mobile money operator in West Africa (Senegal, Côte d'Ivoire, Mali, Burkina Faso, The Gambia, Guinea, Sierra Leone). Like D-Money, it targets unbanked populations with low fees, USSD-based access, and a freemium pricing model — making it a relevant peer despite geographic distance.

Others

• Dahabshiil (Dahabshill): Dahabshiil is a global remittance operator headquartered in the Horn of Africa with deep presence in Djibouti (and notably a signed MOU with D-Money). It is comparable as a remittance corridor operator serving the same diaspora flows that D-Money accesses through its Irmaan partnership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/djiboutimoney
• YouTubeyoutube.com/channel/UCNc_AfmoySPAqb0ccTj39_A
• Facebookfacebook.com/DjiboutiMoney
• Instagraminstagram.com/djiboutimoney
• LinkedInlinkedin.com/company/djiboutimoney

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about D-Money