Senegal’s Mobile Money Sector Faces Threat from New Taxes, CPCP Warns
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Dakar, Senegal – September 18, 2025 – The Collective of Payment Service Providers (CPCP) has issued a strong warning regarding newly implemented taxes on Mobile Money transactions, expressing fears they could undermine Senegal’s progress in financial inclusion.
CPCP Calls for Urgent Dialog with government
In a press release published on September 17, 2025, the CPCP voiced meaningful concerns over the potential impact of the new taxation. The association argues that these taxes pose a risk to a sector that has positioned Senegal as a leading example of financial inclusion within West Africa.
For over a decade, Mobile Money has provided vital financial access to millions of Senegalese citizens. The CPCP believes the added tax burden could discourage usage, weaken service providers, and disrupt the flow of money within the economy.
Preserving Financial Inclusion: A Collective Obligation
The CPCP is advocating for a collaborative approach to address these concerns, urging dialogue between the government, payment service providers, mobile money operators, and consumer representatives. They emphasize the need for a ”lasting and balanced solution” reached through a spirit of shared responsibility and a commitment to the national interest.
The organization stresses that maintaining affordable and accessible financial services is crucial for continued economic growth and empowerment within Senegal.
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