From 2 November, all electronic-money transfers in the eight-nation WAEMU bloc must run through a single central bank platform. Transfers up to 8,000 FCFA a day are free. Above that, fees are capped at 0.8 per cent.
Fintech group captures nearly a quarter of Egypt's micro-lending market and expands retail credit footprint as EGP 4bn securitisation program supports growth.
From 2 November, all electronic-money transfers in the eight-nation WAEMU bloc must run through a single central bank platform. Transfers up to 8,000 FCFA a day are free. Above that, fees are capped at 0.8 per cent.
Fintech group captures nearly a quarter of Egypt's micro-lending market and expands retail credit footprint as EGP 4bn securitisation program supports growth.
The $1.7bn mobile money operator joined the PI-SPI system on deadline day alongside 175 institutions—ending closed-loop dominance across the $267bn WAEMU market.
