Comoros is a volcanic archipelago in the Indian Ocean, located between Madagascar and Mozambique. Its capital, Moroni, is the largest city and political center. With a population of approximately 920,000 in 2026, the economy is heavily reliant on agriculture and significant remittance inflows from the diaspora, which account for nearly 25% of GDP. Major exports include cloves, vanilla, and ylang-ylang essence. In 2026, growth is projected at 4.1%, bolstered by increased tourism and infrastructure projects linked to regional sporting events.
Money Transfer Locations
Western Union
Western Union is the most established provider in Comoros, operating through AFG Bank (formerly BIC), Exim Bank, and the SNPSF postal network.
- Moroni (Grande Comore) – Place de France, Volo Volo Market, and Iconi
- Mutsamudu (Anjouan) – Main Port area and Town Centre
- Fomboni (Mohéli) – Near the regional administrative hub
- Mitsamiouli (Grande Comore) – Northern tourist district
- Domoni (Anjouan) – Historical coastal area
- Ouani (Anjouan) – Near the airport zone
- Itsandra (Grande Comore) – Near the resort areas
MoneyGram
MoneyGram is widely available through Banque de Développement des Comores (BDC) and Meck-Moroni credit unions.
- Moroni – Avenue de l’Indépendance and Quartier Oasis
- Mutsamudu – Boulevard maritime
- Fomboni – Central Market district
- Hahaya (Grande Comore) – Prince Said Ibrahim International Airport
Ria Money Transfer
Ria services are primarily accessible through BGFIBank Comores and local exchange bureaus in the capital.
- Moroni – South Port area and Downtown
- Mutsamudu – Commercial hub
Mobile Money & Digital Payouts
In 2026, mobile-to-mobile remittances are surging, allowing residents to receive funds directly via these platforms:
- Huri Money (Telma Comores) – The most widely used digital wallet for rural payouts.
- Mola (Comores Telecom) – National operator’s mobile finance service.
Major Bank & Financial Partners
The following institutions process the majority of international SWIFT transfers and high-value remittances in Comoros:
- AFG Bank Comores (Formerly BIC Comores)
- Banque pour le Commerce et l’Industrie (BCI)
- Exim Bank Comores
- BGFIBank Comores
- Banque de Développement des Comores (BDC)
- SNPSF (Société Nationale des Postes et Services Financiers)
- Meck (Mutuelle d’Epargne et de Crédit) – Essential for rural village-level pickups.