Benin, once considered a peripheral player in the region’s financial ecosystem, is quietly redefining its position through a combination of digital ambition and practical innovation.
Over the past decade, the country has quietly pursued an ambitious digital transformation agenda, positioning itself as an emerging technology hub within the West African Economic and Monetary Union (WAEMU).
Much of i...
Benin's fintech growth is closely tied to its progress in financial inclusion. The introduction of a new banking law in 2024 expanded the regulatory framework to include payment institutions, electronic money providers, and fintech companies, strengthening the ecosystem for digital financial services. As a result, financial inclusion levels have risen sharply, with estimates suggesting that they have now reached close to 90 per cent within the WAEMU zone. This growth is driven largely by the ado...