Regulatory Alerts2020-05-04
BCEAO Provisions for Promoting Electronic Payments Extended Amid COVID-19
The Central Bank of West African States (BCEAO) has extended its electronic payment promotion measures for thirty days, effective May 3, 2020, to address the ongoing COVID-19 pandemic. This extension applies to all banks and electronic money institutions within the West African Economic and Monetary Union, maintaining the regulatory framework established by Notice No. 004-03-2020 dated April 1, 2020. The renewed provisions continue to support electronic money issuers by preserving existing operational and financial incentives throughout the specified period.
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