According to the Central Bank of West African States (Bceao), during the 2018 financial year, Benin's electronic platforms carried out 198.4 million transactions for a total amount of 2,386.4 billion francs. CFA, up 87% and 27% respectively compared to 2017, reports the newspaper L'économie du Bénin on Thursday.

Likewise, digital financial service points multiplied, with an increase of 76%, bringing their number to 72,468 during the period under review. There are four digital financial services initiatives. These are MTN Mobile Money Benin, Ecobank and Banque Atlantique, both in partnership with ETLISALAT Benin and finally ASMAB, which is a Decentralized Financial Service (SFD), authorized to issue electronic money.

It should be mentioned that in the other member countries of the West African Economic and Monetary Union (UEMOA), Burkina registered 9.6 million electronic money accounts at the end of December 2018, of which 5.7 million are active. The locomotive of Uemoa, Côte d'Ivoire has nearly 23.5 million accounts. Guinea Bissau qua
nt to her counts 644,542 accounts in 2018 against 375,833 in 2017, an increase of 71.5%.

In Mali, the number of those who have an electronic money account is 6.22 million people in 2018 against 6.83 million, a decrease of 9.4%. This situation is attributable to the security problems facing the country, which have really affected economic activity in certain areas.

Niger, for its part, has also experienced a decline in activity in the electronic money sector since 2016. The number of those who have an electronic money account has increased and is established at 3 million people in 2018 against 2.2 million in 2017. In Senegal, the number of electronic money subscribers increased by 32% in 2018.

The number of subscribers to electronic financial services is about 7.1 million. The last country in the zone, Uemoa, Togo has about 3.8 million populations who have electronic money accounts at the end of December 2018.
The financial services offer is organized on the model of partnership with banks and telecommunications operators.