Tigo Money

Tigo Money is the mobile money brand of the telco Millicom in Latin America.

Users can load their Tigo Money accounts at agent locations and participating banks nationwide and can then make money transfers, buy mobile phone top-up, purchase goods and services or pay bills.

The service works on both basic feature phones and on smartphone via an app. 

Type Wallet
Company behind LPM Millicom
Market share details In February 2019, Millicom announced the acquisition of leading mobile assets in Costa Rica, Nicaragua and Panama. Bolivia: high; around 500,000 users have a Tigo Money account. Colombia: high; TigoUne supplies around 11.5 m mobile lines in Colombia. Costa Rica: high; in February 2019, Millicom acquired Telefónica de Costa Rica TC, S.A., making it the #2 mobile operator in a three-player market with 2.4 m customers. El Salvador: high; Tigo is the market leader in El Salvador. More than 50% of adults have a Tigo mobile account and 1 m use Tigo Money. Guatemala: high; more than 50% of adults have a Tigo mobile account and around 600,000 are active financial services uers. Honduras: high. Nicaragua: high; in February 2019, Millicom acquired Telefonía Celular de Nicaragua, S.A., making it the #1 mobile operator in a two-player market with 4.7 m customers. Panama: high; in February 2019, Millicom acquired Telefónica Móviles Panamá, S.A., making it the #1 mobile operator in a four-player market with 1.6 m customers. Paraguay: high; more than 50% of adults have a Tigo mobile account and 2.2 m use Tigo Money.
Market relevance High
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