West African Economic and Monetary Union (WAEMU) has recently made a breakthrough announcement, which coinsides with the technological advancements BHS has been making this year.
The eCFA will function exactly like any other currency and is meant to co-exist with current financial structure of Senegal and West African region. The digital format, however, will allow for a secure purchase, storage, and transaction capabilities. Once the eCFA will be offered in Senegal, the second phase of the distribution will be extend to Cote d’Ivoire, Benin, Burkina Faso, Mali, Niger, Togo and Guinea-Bissau. This means that the region will be able to transact easier and safer, tremendously improving local economies and promoting trade.
Bringing digital financial services into our region is critical for our growth and BHS is committed to support regional initiatives. Thank you for your time and attention. As always, please visit www.bhsus.com to provide your feedback.
General Manager - BHS Americas