World Food Programme

The Digital Finance Revolution in Senegal

  • August 21, 2017

  • Publications, guides and communication materials

Summary

The banking system continues to dominate the financial services industry in Senegal, with 25 separate banks operating in the market— compared with just 2 e-money institutions. In this member state of the Economic Community of West African States, the banking service usage rate has risen steadily since 2010, reaching around 17 % of the population by the end of 2015.

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