The Ivoirian government announced the implementation of the interoperability of digital financial services for this year, as part of the regional financial inclusion strategy led by the Central Bank of West African States (BCEAO).
The interoperability of digital financial services, including mobile money and mobile banking, will allow any customer to send money to any other financial service. Consumers will no longer be limited to carrying out only financial transactions to recipients affiliated to the same service provider as themselves.
For the government, with this restriction lifted, the volume of financial transactions made by the population should grow further and thus increase the customer base of these services. Moreover, the government, to achieve its goal of financial inclusion, is also focussing on the “digitalization of financial flows with the effective operationalization of existing platforms and the digitalization of 80% of government financial flows.”
The opening of Unstructured Supplementary Service Data (code USSD) is also planned, long monopolized by mobile telephone operators, to other players in the financial sector to reduce the costs of related services.
Currently, in Côte d’Ivoire, 44% of the adult population still does not have access to digital financial services.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captures the contradictions of a continent that holds...
Funding part of $250 million raise to boost investor confidence Fintech expands services, processes $40 billion across 30...
Togo unveils 2026–2028 strategy to boost Sahel-Gulf cooperation Plan targets security, trade corridors, political dialogue, regional...
Seychelles president visits Russia, UAE to strengthen strategic partnerships Talks cover tourism, investment, transport, food security...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...