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Algeria Country Report

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  • Published Date: September 2017

A comprehensive overview of the cards, payments and consumer banking market in Algeria.


  • Algeria is the fourth-largest economy in Africa, with the country having the tenth largest natural gas reserves in the world.
  • Twenty retail banks were operating in the country at the end of 2016; however, the Algerian banking industry remains dominated by six state-owned banks.
  • Consumer credit was severely curtailed by the authorities in 2009. However, this law has since been relaxed, and consumer credit is now available for locally manufactured goods.
  • Cash remains the primary mode of payment in Algeria for day-to-day purchases.
  • Credit cards are not issued in Algeria.
  • The debit card and ATM card penetration rate is extremely low. At the end of 2016, there were only 1.5 million debit cards and 6.5 million ATM cards in the market.
  • The international networks have had little success in penetrating the debit cards market.
  • Major payment card issuers in the country include Algeria Post, the state-owned postal service company, and the six state-owned banks.
  • Algeria, a cash-dominated market, is underdeveloped in terms of payments acceptance infrastructure.

Algeria Payments Research | Report Contents

Report summary
The economy
Retail banking
Consumer finance market
Cards market
Profit pool
Pricing and enhancements
The networks: debit cards
Merchant acquiring and processing
Online acquiring
Regulatory and other cards market information

Appendix I: Demographics

  • Population metrics
  • Ownership of essential consumer goods
  • Internet usage by population

Appendix II: The economy

  • Major economic indicators

Appendix III: Retail banking

  • Major retail banking indicators
  • Banking/infrastructure penetration
  • Retail banks key metrics
  • Retail banks profit & loss metrics

Appendix IV: Consumer finance market

  • Consumer credit outstandings and indebtedness
  • Consumer credit outstandings by product

Appendix V: Cards market

  • Debit card numbers
  • Debit cards metrics

Appendix VI: The networks: debit cards

  • Networks' debit card market shares
  • Networks' debit card numbers
  • Networks' debit card billed volume
  • Networks' number of debit card transactions
  • Networks' average debit card transaction value

Appendix VII: Card issuers

  • Key debit card Issuers market shares by debit card numbers

Appendix VIII: Merchant acquiring and processing

  • Merchant acquirer debit card market share
  • Debit card merchant service charges

Appendix IX: Online acquiring

  • Online merchant acquirer market share


Verisk financial reports include detailed market and competitor intelligence on payments cards, e-money, acquiring, retail banking, and consumer credit in Africa. Analysts use primary and secondary source data and conduct in-depth interviews with senior industry executives and Africa finance experts.

See more Africa Country Reports or explore the full range of cards and payments reports available for 72 markets worldwide.

To find out more or to discuss subscription options please email: research_enquiries@verisk.com or telephone: +44(0)20 7337 4200.