TechCabal
Interoperability has arrived in West Africa’s digital finance market, and with it, a new balance of power. By forcing banks, fintechs, and mobile money operators onto a shared system, the BCEAO’s PI-SPI platform breaks down silos, cuts costs for users, and fuels competition. But for Wave—the disruptor that thrived on a closed ecosystem—this shift could be both a threat and a test of its ability to innovate beyond cheap transfers…
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It’s official; payments are interoperable in WAEMU. Who are the real winners?
Emmanuel Nwosu
03:21
Interoperability has arrived in West Africa’s digital finance market, and with it, a new balance of power. By forcing banks, fintechs, and mobile money operators onto a shared system, the BCEAO’s PI-SPI platform breaks down silos, cuts costs for users, and fuels competition. But for Wave—the disruptor that thrived on a closed ecosystem—this shift could
