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Senegal’s new mobile money tax stirs fears over financial inclusion

Mobile money transactions. Photo @ Unsplash
Mobile money transactions. Photo @ Unsplash

Alhousseiny Djigo

Alhousseiny Djigo is an experienced financial journalist based in Dakar.
  • New levy targets withdrawals and transfers above 20,000 FCFA
  • Economists warn poorer households and informal workers will be hardest hit

 

DAKAR, SENEGAL – Senegal has introduced a new tax on digital and banking transactions, sparking concerns it could weigh heavily on poorer households and undermine efforts to expand financial inclusion.

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