Status
Piloted or planned
If a RTPS exists
No
Vision: PSP interoperability
Unknown
Name (Payment)
Domestic IPS (in development)
URL (Payment)
Region
Africa
# of participants
NA
AML law
Yes
Bank participation in network
NA
Centralised fraud management system?
NA
Consumer protection law
Yes
Governor
NA
Non-bank participation in network
NA
Notes
Part of WAEMU (West Africa Monetary Union) project on cross-border domestic remittances. Although monetarily integrated, low‑value cross-border transactions remain difficult between WAEMU countries.Strong champion in Abdoulaye Seck, the Secretary General of BCEAO (banking regulator) (SIIPS, 2022) Launched in 2017, funded by AfDB and BMGF. Aimed to target 116 M people. Implementation unclear.
Offline transactions
NA
Operator
NA
QR-based transactions
NA
Reporting forum/ website/ form
NA
Rules: data handling rules for PSPs, users
NA
Rules: data leak notifications
NA
Rules: participation conditions
NA
Rules: recourse mechanism
NA
Rules: transaction recall
NA
Settlement systems
NA
Transaction cost
NA
Transaction types
NA
Value (Year-USD)
NA
Volume (Year- Volume)
NA