Coris Bank, Ecobank, UBA, Wave, Orange Money, Kkipay…: 175 players comply with BCEAO reform

Since November 2, 2026, banks, electronic money operators and fintechs across the West African Economic and Monetary Union have been implementing the BCEAO reform, required under Instruction No. 020. Person-to-person electronic money transactions must now pass through the PI-SPI platform, which has 175 connected participants and serves more than 38 million users. Domestic transfers totaling no more than 8,000 CFA francs per day are free; providers may charge up to 0.8% before tax on amounts above that threshold. The reform also raises the maximum account balance from 2 million to 4 million CFA francs and the monthly top-up limit from 10 million to 15 million.