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Praia, Cape Verde

Praia Digital Bank — Compare Providers in Praia

Compare digital bank accounts, business banking, international money transfers, currency exchange and investing services available to residents of Praia.

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These are partner links and we may earn a commission. Availability, eligibility, pricing and product terms vary by provider, residency and jurisdiction. Crypto-related products are volatile and can lose value. Confirm current terms directly with each provider.

Local banking essentials

What to check before opening an account in Praia

Regulation

Banks and financial institutions operating in Cape Verde must be authorised and supervised by the Banco de Cabo Verde under the financial institutions law, and payment institutions and electronic-money issuers require BCV authorisation. Confirm the provider's BCV licence before holding escudo balances with it.

Check Banco de Cabo Verde (BCV)(opens in a new tab)

Local account details

Cape Verdean accounts use the 25-character IBAN starting CV: after the check digits come the bank code, branch code and account number, and the escudo's peg to the euro anchors the currency.

Local currency: CVE (Cape Verdean escudo (pegged to the euro))

Payments and transfers

The Banco de Cabo Verde operates the RTGS for high-value settlement and the interbank clearing for retail payments under its national payment-system oversight, bank apps and the shared interbank card/POS infrastructure serve everyday payments, the euro peg anchors cross-border flows to Portugal and the wider euro area, and the diaspora remittances that sustain the economy arrive through banks and money transfer operators.

Digital banking directory for Praia

Our original directory of financial services, listed category by category in editorial order. Availability, eligibility, pricing and product terms vary by provider, residency and jurisdiction. Confirm details directly with the provider.

Digital Bank Accounts

Digital Bank Accounts in Praia

Business Banking and Payments

Business Banking and Payments in Praia

Currency Exchange

Currency Exchange in Praia

International Money Transfers

International Money Transfers in Praia

Cryptocurrency Accounts and Digital Assets

Cryptocurrency Accounts and Digital Assets in Praia

Investment and Trading

Investment and Trading in Praia

Personal Finance and Lending

Personal Finance and Lending in Praia

Banking Technology

Banking Technology in Praia

Real Estate and Mortgage

Insurance

Insurance in Praia

Payroll and HR Software

Global Credit Cards

Global Credit Cards in Praia

Disclosure

Digital Bank Networks is a financial comparison platform, not a bank. We may receive compensation when users click links or open accounts with our partners. This never affects which providers we list or how we describe them. All services are provided by licensed financial institutions; availability, eligibility, pricing and product terms vary by provider, residency and jurisdiction.