Digital financial services in Uemoa recorded strong performances during the year 2020. The number of electronic money accounts grew by 22.43%.

The Bceao published in December 2021, an annual report on the evolution of digital financial services in UEMOA-year 2020. The institution reveals that forty-two (42) initiatives to issue money via mobile telephony are recorded in the Union as of December 31, 2020 with, in particular, the entry of five (5) new establishments. The overall number of service points increased by 30.72% to 1,071,390 at the end of 2020, compared to 819,608 at the end of 2019. With regard to access, specifies the Bceao, the number of currency accounts electronics stood at 94.23 million, compared to 76.9 million in 2019, an increase of 22.43%.

At the country level, Côte d'Ivoire, with 27.72 million accounts, holds 29.42% of the total number of e-money accounts in the Union, followed by Benin (16.39%), Burkina ( 16.21%), Senegal (14.08%), Mali (9.18%) and Niger (6.88%). Togo, meanwhile, recorded a share of 6.05%, following a 20.85% increase compared to 2019 in the number of electronic money accounts opened. Guinea-Bissau holds a 1.79% share, with a significant growth of 79.69% in the number of e-money accounts compared to 2019.