overview of mobile financial services data in the … · 2018-05-25 · cash-in, cash-out,...
TRANSCRIPT
OVERVIEW OF MOBILE FINANCIALSERVICES DATA IN THE WEST AFRICANECONOMIC AND MONETARY UNION(WAEMU) IN 2016
2
Landscape of the mobile financial services in WAEMU1
Tab 1: Mobile financial services data
2013 2014 2015 2016
Banks and non-banks licensed e-money issuers
29 32 31 33
E-money accounts 11 069 154 18 233 444 25 571 883 36 462 265
Rate of active accounts 50,63% 58,76% 38,78% 34,6%
Number of agents 44 743 93 621 164 281 183 274
Volume of transactions 106 450 160 259 354 452 501 238 841 735295071
Value of transactions (billions of F CFA) 1 606 3 760 7 415 11500
Value of transactions (millions US $ dollars) 2,93 6,88 13,57 21,05
Graph 1 : Market's players trend
Strong growth of financial transactions and e-money accounts in WAEMU
Graph 2 : Access rate to financial institutions
1 : The West African Economic and Monetary Union (WAEMU) (also known by its French acronym, UEMOA) is an organization whose mission is to bring about the economic integration of the member states by enhancing the competitiveness of their economies in the framework of an open and competitive market, and a streamlined and harmonized legal environment. Members of the West African Economic and Monetary Union are Benin, Burkina Faso, Cote d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo
Banks + Postal Serv ices + MIs + E-money
Banks + Postal Serv ices +MIs
Banks
65,11%
35,56%
13,67%
60,43%
33,64%
12,68%
2015 2014
(Financial inclusion rate)
0
5
10
15
20
25
30
3 3 3 4 5 4 58 8
11
2426 26 26
0 0 1 1 1 1 2
Non-bank Licensed e-money issuers Banks Microfinance Institutions (MIs)
Nom
bre
3
Graph 3 : Quarterly trend of transactions value (in billions of F CFA)
Graph 4 : E-money accounts share in WAEMU's countries
Graph 5 : Transactions value by country (in billions of F CFA)
BENIN BURKINA CI GUINEA BISSAU MALI NIGER SENEGAL TOGO
0
1 000
2 000
3 000
4 000
5 000
6 000
19
391,8
0
2 2
33
0,7
5
811
109,6
0
192
5,4
0
919,5
0
2 4
15
4 9
23
0,6
0
2 1
93
215,5
0
401
263
2014 2015 2016
BENIN 11,95%
BURKINA FASO 11,32%
COTE D'IVOIRE 35,23% GUINEA BISSAU 0,68%
MALI 18,85%
NIGER 5,93%
SENEGAL 12,09%
TOGO 3,95%
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
0
500
1 000
1 500
2 000
2 500
3 000
3 500
4 000
2013 2014 2015 2016
4
Graph 6 : Transactions volume distribution by country
Graph 7 : Retail transactions processed in WAEMU (value in billions of F CFA)
SICA-UEMOA : Automated Interbank Clearing SystemGIM-UEMOA : Interbank Card Switch
BENIN 5,22%
BURKINA 18,68%
COTE D'IVOIRE 37,88%GUINEA BISSAU 0,04%
MALI 20,02%
NIGER 5,50%
SENEGAL 9,88%TOGO 2,76%
SICA-UEMOA GIM-UEMOA MOBILE FINANCIAL SERVICES
5 000
10 000
15 000
20 000
25 000
30 000
35 000
40 000
45 000
50 000
33 777
218 1 606
37 225
3013 760
42 568
445
7 415
43 609
550
11 500
2013 2014 2015 2016
Vale
urs
(m
illiard
s F
CF
A)
5
Graph 8 : E-money accounts
Cash-in, cash-out, peer-to-peer transfers and top-ups are the major mobile financial
services
Graph 9 : Mobile financial services transactions (in billions of F CFA)
4th Quarter - 2013 4th Quarter - 2014 4th Quarter - 2015 4th Quarter - 2016
0
5
10
15
20
25
30
35
40
11
18,1
25,5
36,4
5,6
10,4 9,912,6
Accounts Active accounts
in m
illio
ns
Cash-In
Cash-Out
Top ups
Domestic Transf ers (P2P)
Pay ments (P2B)
Transf ers within WAEMU (P2P)
Others
0 500 1 000 1 500 2 000 2 500 3 000 3 500 4 000 4 500 5 000
4 569
3 979
173
1 700
530
484
97
3 022
2 639
122
963
401
205
61
1 663
1 435
69
457
231
809
640
27
150
60,6
2016 2015 2014 2013
6
Graph 10 : WAEMU Mobile operators market's share in 2016
Graph 11: E-money accounts per e-money issuers (banks and non-banks licensed)
37,63%
16,60%
21,64%
12,50%
2,04%
4,61%2,44%2,54%
ORANGE MONEY
MTN MONEY
MOOV FLOOZ
AIRTEL MONEY
TELMOB MOBICASH
SOTELMA MOBICASH
TIGO MOBILE CASH
AUTRES
EME ECOBANK Banq. Atl. NSIA CI SGBCI BD MALI SA IMF UBA BOA
13 9
64 5
75
6 7
25 5
19
4 0
46 4
49
3 8
43 3
80
3 5
43 9
51
1 6
81 7
86
872 1
60
836 9
63
947 4
82
6 7
79 3
00
2 2
56 6
94
884 5
64
364 5
80
1 6
14 5
65
70 6
62
111 1
95
425 1
01
108 2
08
Accounts Activ e accounts
7
WA
EM
U'S
FIN
AN
CIA
L S
ER
VIC
ES
DA
TA
IN
2016
t1
1 :
R
ate
as o
f S
epte
mber
07,
20
17
– 1
US
D =
547,3
06
XO
F
BE
NIN
BU
RK
INA
CO
TE
D'IV
OIR
EG
UIN
EA
BIS
SA
UM
AL
IN
IGE
R
SE
NE
GA
L
TO
GO
UE
MO
AU
EM
OA
2015
Ele
ctr
on
ic-m
on
ey
Num
ber
of accounts
Pro
port
ion w
ithin
WA
EM
U (
%)
11,9
5%
11,3
2%
35,2
3%
0,6
8%
18,8
5%
5,9
3%
12,0
9%
3,9
5%
100,0
0%
Active
Accounts
Activi
ty R
ate
(%
)22,3
637,9
638,0
010,3
831,9
213,2
644,6
549,8
834,6
38,7
8%
Pro
port
ion w
ithin
WA
EM
U (
%)
9,8
2%
15,7
9%
49,2
2%
0,2
6%
22,1
2%
2,8
9%
19,8
5%
7,2
5%
127,2
0%
100,0
0%
Ag
en
ts (
Cash
-In
/Cash
-Ou
t)
Num
ber
of A
gents
330
Active
agents
162
Ag
en
ts P
aym
en
ts
14
921
612
609
213
182
4241
76
873
123
014
52
00
68
00
134
71
Tra
nsa
cti
on
s
Volu
me
Pro
port
ion w
ithin
WA
EM
U (
%)
7,6
6%
27,4
0%
55,5
7%
0,0
6%
29,3
7%
8,0
7%
14,5
0%
4,0
5%
146,7
0%
100,0
0%
844
592
Valu
e (
mill
ions U
S d
olla
rs $
)1
394
481
Pro
port
ion w
ithin
WA
EM
U (
%)
12,4
0%
32,5
6%
66,4
0%
0,0
1%
29,5
7%
2,9
1%
7,7
0%
3,5
5%
155,1
0%
100,0
0%
Ave
rage d
aily
valu
e (
bill
ions o
f F
CF
A)
2599
731
4 3
57 5
74
4 1
26 1
28
12 8
45 9
70
246 5
51
6 8
73 4
53
2 1
62 8
76
4 4
08 4
87
1 4
41 2
26
36 4
62 2
65
25 5
71 8
83
974 2
93
1 5
66 1
10
4 8
81 1
58
25 5
91
2 1
93 8
92
286 7
01
1 9
68 1
76
718 9
48
12 6
14 8
69
9 9
17 4
44
20 8
77
12 6
75
40 1
49
43 8
42
22 7
08
39 1
72
3 5
21
183 2
74
164 2
81
12 7
86
11 7
94
19 9
11
26 9
11
10 3
35
15 4
29
3 1
53
100 4
81
79 7
67
Num
ber
of busin
esses r
egis
tere
d t
o c
arr
y o
ut
transactions
1 5
82
5 5
32
2 6
26
1 0
29
12 9
25
9 0
60
Num
ber
of active
busin
esses (
whic
h h
ave
com
ple
ted a
t le
ast
one t
ransaction in t
he last
90 d
ays)
1 5
29
3 2
41
1 4
93
Num
ber
of busin
esses a
ccepting m
obile
paym
ents
thro
ugh e
lectr
onic
paym
ent
term
inals
38 3
99 4
66
137 3
61 0
72
278 5
45 1
41
304 0
14
147 2
37 4
36
40 4
54 3
51
72 6
73 2
96
20 3
20 2
95
735 2
95 0
71
501 2
38 8
51
Ave
rag
e d
aily
vo
lum
e106 6
65
381 5
59
773 7
37
408 9
93
112 3
73
201 8
70
56 4
45
2 0
42 4
86
1 3
92 3
30
Va
lue
(b
illio
ns F
CF
A )
919 5
22
2 4
14 7
23
4 9
23 3
80
2 1
92 9
00
215 5
19
571 1
47
263 1
22
11 5
00 9
05
7 4
15 1
53
1 6
80
4 4
12
8 9
96
4 0
07
1 0
44
21 0
14
13 5
48
2 5
54
6 7
08
13 6
76
6 0
91
1 5
87
31 9
47
20 5
97
8
Avenue Abdoulaye FadigaBP 3108 - Dakar - Sénégalwww.bceao.int
© IM
PRIM
ERIE
BC
EAO