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No Open Banking

A tropical, sub-Saharan nation in West Africa.

Togo’s internet penetration rate stood at 26% of the total population by 2022. Mobile connections in Togo were equivalent to 90% of the total population in January 2022.

50% of adults in Togo had bank accounts in 2021, leaving 50% unbanked.

Togo is served by the Central Bank of West African States (CBWAS), with other nations sharing the West African CFA currency. CBWAS has adopted a regional financial inclusion strategy, yet its measurement is still under discussion.