BCEAO extends instant payment system connection deadline for financial institutions
via Abidjan.net8 min read
The Central Bank of West African States BCEAO has granted an extension for financial institutions within the West African Economic and Monetary Union UEMOA to connect to its Interoperable Instant Payment Platform PI-SPI. According to a statement released on Thursday, the new deadline for banks and electronic money and payment institutions is September 30, 2026. Microfinance institutions supervised by the UMOA Banking Commission have until June 30, 2027, to complete their integration. The PI-SPI, launched by the BCEAO on September 30, 2025, aims to make payments instant, accessible, and secure across the eight UEMOA countries. As of June 24, 2026, 80 participants were already connected to the platform, providing services to millions of people, with 74 institutions currently in real-world testing phases before public launch. The BCEAO stated that its competent services remain mobilized to support participants in their integration efforts, reaffirming its commitment to financial inclusion and the modernization of payment infrastructures in UEMOA.
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This summary was AI-generated from a story originally published by Abidjan.net.
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