Benin Annual Monitor 2015

Benin Annual Monitor 2015

Fri, 10/21/2016 - 18:55 -- mm4p
Monitor

With only three e-money providers, including two that received their licence in late 2013, digital financial services (DFS) in Benin are limited both in terms of providers (ASMAB, Moov, MTN) and products (cash-in/cash-out, airtime top-ups, person-to-person transfers). Agent networks are largely proprietary and there is no interoperability. Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO) issued new and better regulatory instructions for e-money issuers in May 2015 that address some of the gaps in the 2006 instructions.

Country: 
Practice Area: 
Inclusive Finance
Document Date: 
Thu, 04/14/2016
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