BCEAO Data Shows 71% of WAEMU Transaction Value Still Flows Through Cheques

BCEAO data shows that cheques still account for 71 percent of total transaction value across the eight-country WAEMU zone, despite the central bank's new PI-SPI instant payment rail surpassing 30 million users. The figure illustrates the structural gap between user adoption of the new system and displacement of legacy high-value payment instruments.