Fintech & digital payments rules in Comoros (2026)

Law No. 20-005 AU defines the conditions for payment services and governs payment service providers in the Union of Comoros; Banking Law 13-003-AU covers the broader financial sector. The BCC is the sole competent authority for licensing financial institutions.

Regulation 01/2017 governs the conditions for electronic money issuers; several non-bank providers have obtained BCC approval as EMIs, including MVola (AXIAN's mobile money service). The BCC warned in June 2022 that approvals issued by island bodies (MISA, AOFA) have no legal effect for banking or financial-institution activities.

In February 2026 the BCC granted AXIAN the first 'institution financière digitale décentralisée' (IFDD) licence, creating the first fully digital, BCC-supervised financial institution in Comoros, authorised to offer mobile-based nano- and micro-credits without physical branches.

Komor Pay (ATS), an exclusive interbank automated transfer system, became operational on 23 April 2026, reducing settlement from 3 days to one business day via a dedicated 120 km fibre network. Komor Switch enables interoperability of card terminals across domestic banks. Both initiatives were supported by the World Bank and IMF.

In 2024 Comoros adopted its first National Financial Inclusion Strategy (NFIS), targeting a 75% financial inclusion rate by 2030, and joined the Pan-African Payment and Settlement System (PAPSS) to facilitate cross-border transactions in local currencies.

No dedicated open-banking framework or BNPL-specific regulation has been identified in Comoros as of May 2026. The regulatory perimeter remains focused on payment services and EMI licensing; open-finance and buy-now-pay-later rules are absent.