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Wave Yields to BCEAO Deadline

4 entriesFri, Oct 2 – Tue, Oct 6Policy & Regulation

Timeline

  1. Tue, Oct 6LatestUnverified — not yet reviewed

    Wave Joins BCEAO's PI-SPI Instant Payment Network in Francophone West Africa

  2. Tue, Oct 6Unverified — not yet reviewed

    WAEMU Mandates Free Transfers and 0.8% Fee Cap, Reshaping West Africa's $267B Mobile Money Market

  3. Mon, Oct 5Unverified — not yet reviewed

    BCEAO Makes PI-SPI Interoperability Mandatory and Reprices Across WAEMU

    West Africa's regional central bank BCEAO has made its PI-SPI interbank payment platform mandatory and revised its pricing structure, with the changes taking immediate effect across all eight WAEMU member markets. The move follows BCEAO's 30 September deadline that brought Wave and 175 licensed participants into the system, and now resets the commercial terms for the entire $267 billion West African payments market.

  4. Fri, Oct 2Unverified — not yet reviewed

    Wave Joins BCEAO's PI-SPI System as West Africa's Payment Interoperability Deadline Holds

    Fintech unicorn Wave has joined BCEAO's PI-SPI interoperability system, ending its closed-loop payment dominance in the WAEMU zone after the regional central bank held firm on its compliance deadline. BCEAO has published a list of 175 licensed PI-SPI participants as of 30 September 2026, formally defining the authorised landscape for the $267 billion West African payments market.