Banque Atlantique Côte d'Ivoire

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Banque Atlantique Côte d'Ivoire

BACI is a traditional bank, subsidiary to Atlantic Business International, which is a member of the Banque Centrale Populaire Group of Morocco. It is affiliated with banks and insurance companies in Benin, Burkina Faso, Mali, Niger, Senegal and Togo. 

Project summary

BACI is proposing a mobile money solution that is based on a ‘talking’ app in local languages, which bypasses the need for its users to be literate. The solution will incorporate micro-savings, micro-insurance and micro-credit services.

Key innovations

This is innovative in that lack of literacy has been a major hurdle for mobile money in Côte d’Ivoire thus far.  Having a ‘talking’ app in a range of local languages means the tool is much more widely accessible.

Representative

Souleymane Diarrassouba, General Manager

Development impact*

  • Positive systemic changes to the financial market system in Côte d’Ivoire
  • Efficiency and productivity gains for rural farmers through access to finance (including savings, insurance and credit)
  • Approximately 80 new jobs

 

*projected