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