Digital Financial Services Research Review Senegal

With more than one million eight hundred active e-money accounts, Digital Financial Services (DFS) are growing in Senegal. Even if cash remains dominant in the market, particularly in rural areas where mobile money is barely known, a growing number of Fintechs are making their way in the country and the regulatory framework led by the BCEAO is favorable to e-money.

MM4P conducted a research review on the state of digital financial services, which gives a detailed overview of the evolution of Senegal DFS market .