During the first half of 2019, Togo totaled 3% of all e-money transfers recorded in the WAEMU

Banking
Wednesday, 29 January 2020 15:07
During the first half of 2019, Togo totaled 3% of all e-money transfers recorded in the WAEMU

(Togo First) - At end-June 2019, Togo totaled 3% of all e-money transfers recorded in the West African Economic and Monetary Union (WAEMU). According to the BCEAO which disclosed the figure, in the first and second quarters of 2019, e-money transfers recorded by the whole Union amounted to XOF156.12 billion and XOF143.58 billion, respectively.

Proportionally, Togo was ahead of Guinea Bissau (0.99% of transfers) and Niger (0.54%), but it is behind Benin (3.07%) and Senegal (3.95%).

Côte d’Ivoire captured the lion’s share in the economic zone - 61% of the transfers. Right after it follows Mali and Burkina Faso (15.14% and 11.66% respectively).

Ayi Renaud Dossavi

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