BCEAO extends its e-payment incentives by 30 days, amid persisting Coronavirus pandemic

ITC
Monday, 11 May 2020 15:35
BCEAO extends its e-payment incentives by 30 days, amid persisting Coronavirus pandemic

(Togo First) - The Central Bank of West African States (BCEAO) has prolonged by 30 days, starting 3 May 2020, its strategic measures to boost e-payment as the Covid-19 pandemic persists. 

The measures include the cancellation of fees for minor transactions, exemption of fees on water and power bills, incentives for digital commercial transactions, a 50% reduction of fees on withdrawals and transfers at ATMs, making it easier to create an e-wallet and perform related transactions. 

They are aimed at keeping physical contact at a minimum in all WAEMU States.

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