Fintech Sama Money obtained its electronic money institution (EME) license on Friday, September 1.

Sama Money, which specializes in money transfer and mobile payment, has been distributing electronic money in partnership with UBA bank since 2020. Sama is now the fifth largest electronic money institution in Mali, after Orange Money, Moov Money, Wizall, and Zelia, according to April 2023 data from the BCEAO . Sama Money is the first fintech authorized by the BCEAO style="font-family: "Bookman Old Style”, "serif""> to carry out independently, without a partner, the business of issuing and distributing electronic money in Mali unlike other companies that have entered into partnerships with technical operators, namely banks and telecom operators, to distribute electronic money in