The West African and Monetary Union's (WAEMU) largest economy, Ivory Coast accounts for one-third of the region's GDP. To diversify the payment landscape, the government recently announced plans to offer the interoperability of digital financial services, including mobile money and mobile banking.
Globally, Ivory Coast (Côte d'Ivoire) boasts the fifth-highest percentage of adults with a mobile money account, echoing many African nations' payment culture. Ivorians use mobile banking to pay bills, make transfers, and save money.
Card penetration remains low in the region, but with Visa-branded cards offered by all of the country's leading banks, adoption looks to increase in the coming years.
West African CFA franc
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