Mixx Togo: First to Integrate BCEAO PI-SPI Interoperable Transfers

• All interoperable person-to-person transfers in Togo must utilize the BCEAO's PI-SPI instant payment platform, a requirement effective November 2, 2026.
• Domestic transfers on PI-SPI are free up to CFAF 8,000 daily per participant, with all incoming transfers being free of charge.
• Mixx Togo was the first Togolese mobile wallet to join PI-SPI in April 2026 and holds a 45% share of the Togo mobile money market with 3.8 million active users as of late June.
• Mixx has transitioned from being part of Togocom to an independent company with its own governance and a BCEAO license as an electronic money institution.
• The company rebranded from "Mixx by Yas" to "Mixx" in September to establish a distinct identity as a financial services provider within the Axian group, now known as Yas Group.

Mixx Togo, a prominent player in the nation's financial technology sector, distinguished itself by becoming the first Togolese mobile wallet to integrate with the BCEAO's PI-SPI platform in April 2026.

The Central Bank of West African States (BCEAO) has mandated that all interoperable person-to-person transfers within Togo must be processed through its instant payment platform, known as PI-SPI. This critical regulatory requirement, designed to streamline financial transactions, officially came into effect on November 2, 2026. The platform facilitates domestic transfers, which are free of charge for participants up to a cumulative daily limit of CFAF 8,000. Notably, receiving funds through the PI-SPI system incurs no cost, irrespective of the amount transferred.

Mixx Togo, a prominent player in the nation's financial technology sector, distinguished itself by becoming the first Togolese mobile wallet to integrate with the BCEAO's PI-SPI platform in April 2026. Since Mixx's pioneering move, a total of 17 financial institutions operating within Togo have received authorization to offer services via this interoperable system, with others subsequently joining the platform. This widespread adoption underscores the significant shift in the Togolese mobile money landscape.

According to data released by the Autorité de Régulation des Communications Electroniques et des Postes (ARCEP), the country’s telecommunications and postal regulator, Mixx maintained a substantial presence in the Togo mobile money market. By the end of June, the company reported an impressive 3.8 million active users, which translates to a dominant 45% share of the overall market. This market leadership highlights Mixx's pivotal role in the implementation and success of the BCEAO's interoperable transfer initiatives.

Beyond its early adoption of the BCEAO's PI-SPI platform, Mixx has undergone a significant corporate restructuring to solidify its position as a dedicated financial services provider. What was once an integral part of the telecom operator Togocom, now known as Yas Togo, has transitioned into an autonomous entity. Mixx now operates as a distinct company, complete with its own independent governance structure. This strategic separation was accompanied by the crucial acquisition of a license from the BCEAO, officially authorizing Mixx to function as an electronic money institution.

This transformation reflects a deliberate effort to enhance Mixx's identity and operational focus. In September, the brand undertook a renaming initiative, shortening its designation from "Mixx by Yas" to simply "Mixx." This rebranding was specifically aimed at cultivating a more distinct and recognizable identity within the competitive financial services landscape. The company remains a part of the broader pan-African Axian group, which itself has recently adopted the name Yas Group, further clarifying Mixx's specialized role within the larger corporate ecosystem.

Guiding Mixx through these pivotal changes is Catherine Savery, who brings a wealth of experience from the banking sector. Savery, a trained banker, commenced her career as a bank auditor at Natixis, working in both Paris and London. Her professional journey then led her into private banking roles across Europe before she transitioned to retail banking, specifically with a BPCE subsidiary located in Madagascar. Savery joined the Axian group in 2018, eventually taking the helm at Mixx during its critical period of transformation and integration with the BCEAO instant payment platform. Her leadership is instrumental in navigating the complexities of Togo mobile money regulations and ensuring Mixx's continued growth as a key electronic money institution.

Financial institutions and mobile money operators in Togo must ensure full compliance with the BCEAO's PI-SPI platform requirements for interoperable person-to-person transfers, including adherence to the November 2, 2026 effective date, transaction limits, and proper licensing as an electronic money institution, as exemplified by Mixx Togo's transition.

Source: Original reporting via industry insights