Senegal Annual Monitor 2015

Senegal Annual Monitor 2015

Fri, 10/21/2016 - 19:05 -- mm4p
Monitor

The ecosystem for digital financial services (DFS) in Senegal is transitioning from Start-Up to Expansion, a phase characterized by a predominance of first-generation DFS (money transfers, e-top-ups, bill payments) offered on a competitive basis by multiple providers. Three complementary models coexist: (i) over-the-counter (OTC) leads the market with money transfer operators (Joni Joni, W@ri); (ii) e-money is a distant second, mostly dominated by mobile money (Orange Money, Tigo Cash); and (iii) agent banking offered by one bank (Société Générale de Banques au Sénégal via subsidiary Manko) and by one microfinance institution (Microcred). 

Country: 
Practice Area: 
Inclusive Finance
Document Date: 
Wed, 07/13/2016
Document Download: 

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