Financial inclusion index reaches 0.651 in Senegal in 2025
By the AFREEQUE newsroom, based on Senenews
Senegal’s composite financial inclusion index stood at 0.651 in 2025, compared with the WAEMU average of 0.616. A monitoring report published on 20 October by the Central Bank of West African States notes progress linked in particular to electronic money and microfinance, Le Soleil reports.
Senegal’s composite financial inclusion index stood at 0.651 in 2025, compared with 0.616 for the West African Economic and Monetary Union (WAEMU) average, according to a report by the Central Bank of West African States (BCEAO), published on 20 October 2026 and reported by Le Soleil.
The country had 150 financial service points per 10,000 adults and 905 per 1,000 square kilometres. Electronic money services accounted for 147.11 points per 10,000 adults, while the strict banking penetration rate stood at 27.42%, according to the BCEAO report.
Broad banking penetration reached 67.13%, compared with a WAEMU average of 50.57%. Microfinance was used by 39.71% of adults in Senegal, against 23.71% across the region, and electronic money by 66.29%, compared with 60.27% in the union. After adjusting for individuals holding multiple accounts, overall use of financial services stood at 88.04%, compared with 76.06% across the community.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
