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Find all the economic and financial information on our Orishas Direct application to download on Play StoreTransactions via e-money accounts in the WAEMU zone recorded a decrease in volume and value in the first half of 2020 due to the Covid-19 pandemic.
According to the Semi-Annual Monitoring Report of Payment Means and Services at the end of June 2020 of the Directorate-General for Operations and Financial Inclusion of the Central Bank of West African States, intra-regional transfers were down while receipts of international funds on e-money accounts were up.
The health crisis has led to a slowdown in economic activities in the countries of the Union. The volume of transactions via electronic money accounts stood at 1.16 billion for a value of 11,920.08 billion CFA francs from January to the end of June 2020 in the West African Economic and Monetary Union (WAEMU).
The Bceao report indicates that the volume of intraregional transfers amounted to 4.52 million transactions for a value of 228.68 billion CFA francs at the end of June 2020 against 6.72 million transactions valued at 313.74 billion CFA francs at the end of December 2019.
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