Become an Electronic Money issuer in Senegal, Mali, Ivory Coast, Guinea and the DRC

Our client, a major telecoms player and a pioneer in mobile financial services in Africa, offers – in partnership with a banking group – a Mobile Money service in more than 8 countries and with 15 million active users.

Following the evolution of the regulatory framework authorizing non-bank players to offer payment and electronic money account management services, our client wanted to develop its activities and obtain the necessary authorizations from the Central Bank to offer its services in complete independence.

The intervention of Aviso Consulting was requested in order to:

  • To assist in the preparation of application files for approval as an Electronic Money Issuer (EME) and the monitoring of the instruction with the competent central banks (BCEAO/Guinea Conakry/DRC);
  • To define in detail the activities to be implemented and to assist in the constitution and operational start-up of the activities of 5 Electronic Money Establishments;
  • To assist in the creation of a shared service center dedicated to risk management and compliance professions;
  • To propose the settings of compliance tools based on an analysis of risks specific to Mobile Money services.

Project duration

16 months


Telecom operator

Aviso team

2 partners and 5 experts




The model thus implemented during our intervention was subsequently successfully duplicated by our client on 3 others
operations during the following 2 years.

The operational experience of the members of the Aviso team made it possible to accelerate the start of activities and secure the construction of a robust operating model. In addition, the successful coordination of several intervention teams in parallel on different operations made it possible to contain this ambitious transformation project within exceptionally short deadlines.

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