Search

Cash is fading in West Africa as fintech rewrites the rules of money

Contactless payment system. Photo by SumUp @ Unsplash
Contactless payment system. Photo by SumUp @ Unsplash
  • Mobile money reshapes payments across West Africa
  • Fintech disrupts banks and accelerates cashless adoption

 

ABIDJAN, IVORY COASTWest Africa is edging towards a cashless future, not through policy design but through a fintech-led shift transforming how money is stored, moved, and spent.

A few years ago, the Central Bank of West African States (BCEAO), which serves the eight countries sharing the CFA franc, laid out an ambitious vision: to reduce reliance on physical cash and push the region towards a cashless economy.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Is Senegal drifting towards default as political rift deepens?
Read More »

Recent Politics

Planes on the tarmac of an airport. Photo by Max Chen @ Pexels
Can Togo become West Africa’s aviation hub after going visa-free?
Read More »
Policeman on the street of Addis Ababa, Ethiopia. Photo by Hailegebrel Nigussie @ Unsplash
Ethiopia’s national dialogue begins with legitimacy already on trial
Read More »
Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Can Nigeria’s war on terror financing succeed where military force has struggled?
Read More »

Latest Posts

Latest news insights