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Digital Finance in WAEMU: What’s New?

CGAP recently interviewed representatives of 100+ organizations in Benin, Côte d’Ivoire, Senegal, Mali and Niger to better understand the market system for digital financial services in the West African Economic and Monetary Union (WAEMU). What have we learned?

Benin’s Expansion of Digital Finance

The market for digital financial services in Benin shows potential. However, major barriers need to be addressed for digital finance to thrive and contribute to financial inclusion.

Is Digital Finance Hitting its Stride in WAEMU?

Digital finance is advancing in WAEMU, but within the region there are eight countries all with unique markets facing disparate challenges. When it comes to mobile money and financial inclusion, the question for some is "where do you start?"

Savers Deserve More Attention and Protection

Access to finance in the West African Economic Monetary Union and Economic and Monetary Community of Central Africa grew significantly from 2001 to 2011. However, more attention must be paid to savings and savers.

Mobile Money: Even Data Analytics Has Limitations

While quantitative data analysis is a useful first step in understanding active mobile customers, it is even more insightful when providers actually go and talk with their customers directly.

West Africa Switches on Mobile Money: Headlines for June 22, 2010

We’ve been saying for awhile that mobile money will be less compelling in places where good alternatives to cash already exist, for example, in developed markets such as North America. Despite that, the folks who look after how payments get cleared has opened a door for mobile.