Regulatory Framework for Digital Financial Services in Côte d’Ivoire

This paper focuses on the implications in Côte d’Ivoire, but the challenges are often posed at the regional level. The constraints include broader policies impinging on financial inclusion, notably an interest rate cap, which will affect the provision of digital credit going forward, and a limitation on Micro Finance Institutions (MFIs)’ ability to move beyond savings and credit services into other activities, such as e-money issuance.

These and the following regulatory obstacles are addressed in this paper:

  • E-money and payments
  • Use of agents
  • Customer identification
  • Consumer protection
  • Competition and coordination

Background: Côte d’Ivoire is a member state of the West African Economic and Monetary Union (WAEMU), challenges are often posed, and relevant policies adopted, at the regional level. 

Document Details

Document Type: 
Document Topic: 
Authoring Country: 
Year of Document: 
2017
Date of Document: 
Tuesday, November 21, 2017
Document Authors: 
Patrick Meagher
Language (This Document): 
English

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