New WAEMU directives: What is happening with Wave and the PI-SPI for customers?

Author: senenews.comPublished on: November 2, 2026Country: Senegal

Business & EconomyTechnology

New WAEMU directives: What is happening with Wave and the PI-SPI for customers?

The BCEAO’s interoperable instant payment system (PI-SPI) takes effect on November 2, 2026, to facilitate transfers among financial institutions in the Union. Wave Digital Finance is listed as a participant, but customers have little visible information about the service’s availability in its app. Daily transfers of up to 8,000 CFA francs are to be free; the BCEAO set September 30, 2026, as the compliance deadline for banks and payment institutions, while microfinance institutions have until June 30, 2027. The article cites technical readiness as well as possible commercial and pricing considerations behind Wave’s limited communication.

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