African Payment Regulatory Bodies

Guinea-Bissau is a WAEMU member state regulated by the BCEAO. The national branch handles local oversight.

Central bank of Cape Verde regulating payment institutions.

The Bank of Ghana licenses and supervises payment service providers, dedicated electronic money issuers, and enhanced payment service providers operating in Ghana.

Central bank of Guinea responsible for regulating payment systems and mobile money operators.

Central bank of Mauritania regulating payment service providers and mobile money operators.

The BCEAO is the central bank for the 8 WAEMU member states: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo. It regulates electronic money institutions and payment service providers across all member states through a single license.

The Central Bank of The Gambia regulates payment service providers and mobile money operators.

The Central Bank of Liberia oversees payment systems and financial service providers.

The CBN regulates and supervises all payment service providers operating in Nigeria including switching companies, mobile money operators, card schemes, and payment solution service providers.

The Bank of Sierra Leone regulates financial institutions and payment service providers operating in Sierra Leone.

The Bank of Mozambique regulates payment service providers and electronic money institutions.

The Bank of Eritrea is the central bank regulating financial services in Eritrea.

The Bank of Mauritius licenses and supervises payment service providers and electronic money institutions in one of Africa's most developed financial markets.

The Bank of South Sudan oversees payment systems in one of Africa's newest nations.

The Bank of Tanzania licenses and supervises payment service providers and mobile money operators under the Payment Systems Act.

The Bank of Uganda regulates payment systems and payment service providers in Uganda under the National Payment Systems Act 2020.

The Bank of Zambia licenses payment service providers and mobile money operators under the National Payment Systems Act.

Central bank of Madagascar regulating payment service providers and electronic money institutions.

Central bank of Comoros regulating financial institutions.

Central bank of Djibouti regulating financial institutions and payment services.

Central bank of Burundi regulating payment systems and mobile money operators.

The CBK licenses and supervises payment service providers in Kenya including mobile money operators, payment card network operators, and payment service providers under the National Payment System Act.

The Central Bank of Seychelles regulates payment service providers and electronic money institutions in the Seychelles.

The Central Bank of Somalia is rebuilding payment system regulatory infrastructure.

The National Bank of Ethiopia regulates payment instrument issuers, payment system operators, and mobile money service providers.

The National Bank of Rwanda regulates payment service providers, electronic money institutions, and mobile money operators in Rwanda.

The Reserve Bank of Malawi oversees payment systems and licenses payment service providers.

The Reserve Bank of Zimbabwe regulates payment systems, mobile money operators, and payment service providers.

The Bank of Botswana regulates payment systems and licensed payment service providers.

The Bank of Namibia regulates payment service providers and electronic money institutions under the Payment System Management Act.

The Central Bank of Eswatini regulates payment systems and financial service providers.

The Central Bank of Lesotho regulates payment service providers in Lesotho.

The FSCA regulates financial institutions in South Africa including payment service providers. The South African Reserve Bank (SARB) oversees payment systems specifically.

The SARB oversees the national payment system in South Africa through its Prudential Authority and the Payment Association of South Africa (PASA). Works alongside the FSCA.

Bank Al-Maghrib is the central bank of Morocco regulating payment institutions and electronic money institutions.

The Central Bank of Tunisia regulates payment service providers and electronic payment institutions.

The Bank of Algeria regulates payment systems and financial institutions in Algeria.

The Central Bank of Egypt regulates payment service providers, electronic money institutions, and fintech companies under the Central Bank of Egypt Law 194 of 2020.

The Central Bank of Libya regulates financial institutions and payment service providers.

The Central Bank of Sudan regulates Islamic banking and payment systems in Sudan.

Central bank of São Tomé and Príncipe regulating financial institutions.

The National Bank of Angola regulates payment service providers and electronic money institutions under the Payment Systems Law.

The Central Bank of Congo regulates payment service providers, mobile money operators, and electronic money institutions in the DRC — one of Africa's largest mobile money markets.

The BEAC is the central bank for the 6 CEMAC member states: Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, and Gabon. It regulates electronic money institutions through a single regional framework.