Regulatory Alerts2025-05-30
BCEAO Advisory No. 006-05-2025 on the Transitional Compliance Period for Payment Services in the UMOA
The Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO) has extended the transitional compliance period for payment service providers under Instruction No. 001-01-2024 until August 31, 2025. This exceptional extension allows affected entities to finalize their regulatory approval procedures without interruption. Commencing September 1, 2025, only formally approved entities will be legally authorized to operate and provide payment services within the West African Monetary Union.
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