Regulatory Alerts2025-04-01
Added · Updated
BCEAO Advisory No. 004-03-2025 on the End of the Transitional Period for Payment Services Compliance in UMOA
The Central Bank of West African States (BCEAO) issued Advisory No. 004-03-2025 to formally conclude the extended six-month transitional period for payment service providers operating in the West African Monetary Union (UMOA). The directive mandates that all non-approved entities must cease offering payment services within the UMOA territory starting 1 May 2025, following an extension from the original July 2024 deadline to January 2025. This final compliance cutoff ensures full alignment with the regulatory requirements established under Instruction No. 001-01-2024.