RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Mobile money: Société Générale suspends YUP's activities in six African countries

02/03/2022
Categories: Companies

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

Several Société Générale employees are unemployed. And for good reason, Société Générale recently announced the closure of its YUP subsidiaries in 6 other countries in Africa, including Senegal.

YUP is the electronic wallet of Societe Generale installed in Senegal since 2017. After 5 years of activity, nearly 3 million customers and hundreds of contracts concluded with local companies, the banking group advances economic reasons to justify the closure of its mobile money business. For YUP employees, the economic motive is a fallacious pretext as YUP is on track to reach its expected break-even point for 2024. In addition, Societe Generale recently published its 2021 financial statement, the best since the bank's creation .

Provided by AWS Translate

0 COMMENTAIRE