The BCEAO is rolling out PI-SPI to replace direct transfers between bank accounts and electronic wallets, promising free transactions for users. The implementation arrangements and main effects of the reform had already been published, according to Le Soleil.
The BCEAO is rolling out PI-SPI to replace direct transfers between bank accounts and electronic wallets, promising free transactions for users. The implementation arrangements and main effects of the reform had already been published, according to Le Soleil.
The reform of the Central Bank of West African States has taken effect, with free transfers, limits and interoperability applied by 175 banks, operators and fintechs. Coris Bank, Ecobank, UBA, Wave, Orange Money and Kkipay announced that they had complied with the new rules, according to Linfodrome.
From 2 November 2026, banks, fintechs and electronic wallets must apply BCEAO rules on free and capped transfers and their interoperability. These changes concern payment services in the countries of the West African Economic and Monetary Union, reports Linfodrome.