The regional central bank BCEAO's instant payment platform PI-SPI processed nearly 15bn FCFA (€22.9mn) of transactions in Togo by the end of October, just over a year after its launch, the bank said on November 5, Togo First reported. The total came from 163,000 transfers by 3.9mn registered users. Since November 2, electronic money transfers between providers in the West African Economic and Monetary Union (WAEMU) must go through the platform.
Analysis: Most registered users have yet to use the platform, with about one transfer for every 24 users, by our calculation, the same rate as across WAEMU. The volume is also small next to mobile money, at less than 1% of the 1,968bn FCFA (€3.0bn) moved in the second quarter alone, telecoms regulator ARCEP data show, although the two periods differ. The average transfer, about 92,000 FCFA (€140), is far above the free daily limit of 8,000 FCFA (€12.2), which BCEAO says covers 75% of electronic money transactions. Payment providers now set fees above that limit. From June 1, 2027, transfers between WAEMU countries will follow the same pricing rules.
Source: Togo First (Groupe Ecofin), Togo First, 'Togo: Instant Payment Platform Processed Nearly CFAF 15 Billion in Transactions by End-October' (November 5, 2026), citing BCEAO, To end October 2026 and End October 2026 and From November 2, 2026; Autorité de Régulation des Communications Électroniques et des Postes (ARCEP), ARCEP Togo, Observatoire des marchés T2-2026 (published September 2026), Q2 2026