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Pilot section of the interoperable immediate fee system Ecobank and Orabank chosen in Burkina

Monday July 22, 2024, The Central Financial institution of West African States (BCEAO) has launched the pilot section of the West African Financial and Financial Union (UEMOA) interoperable immediate fee system. An necessary step, earlier than opening companies to the general public, has simply been reached. 25 monetary establishments met the standards required to take part within the pilot section. They’re each from Burkina. By nation of firm, they’re:

Pays Establishments Pays Establishments
Unsure Eco-bank

MTN

Orabank

Mali BCI

Eco-bank

Orabank

Burkin Eco-bank

Orabank

Niger Eco-bank

Orabank

Ivory Coast Eco-bank

Mansa Financial institution

MTN

Orabank

Senegal BNDE

Worldwide Credit score

Eco-bank

FBNB Financial institution

Cellular cash

Orabank

Guinea-Bissau Union Financial institution

Eco-bank

Orabank

To go Eco-bank

Orabank

This pilot section will enable the BCEAO to check the interoperable system and for companions to make sure that their programs work in response to the outlined specs. A second group of establishments will enter the pilot section from August 12, 2024. The moment fee infrastructure is interoperable, working repeatedly, 24/7, capable of course of any sort of transaction , no matter account sort.

Supply: BCEAO press launch

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