Evolution of digital financial services in UEMOA: the BCEAO publishes an annual report : Orishas-finance

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Evolution of digital financial services in UEMOA: the BCEAO publishes an annual report

08/02/2023

Source : ORISHAS FINANCE

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Evolution of digital financial services in UEMOA: the BCEAO publishes an annual report

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An annual report has been published by the Central Bank of West African States (BCEAO) on the evolution of digital financial services in the Uemoa .

The Bceao informed in the document that 2021 was marked by the post-Covid resumption of business & acute; economical. Uemoa To this end, with the intention of promoting the development of innovations that promote behavioral changes and take into account the needs of the market, the bank has set up an Office for Knowledge and Monitoring of FinTech & nbsp; (Bcsf- Uemoa ) in November 2021, following the creation of the FinTech Committee in February 2020.

In the document, it is noted that “forty (40) mobile money issuance initiatives were registered in the Union as of 31 December 2021. Two (2) new products have been approved by the Central Bank, including Moov Money and Zelia whose approvals and favourable opinions have been granted respectively to the Moov Money company of Benin and to the BSIC of Mali.”

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