Fintech & digital payments rules in Gambia (2026)

The Electronic Payments System Act 2013 governs establishment and operation of electronic payment, clearing, and settlement systems; it guarantees payment finality, irrevocability, and recognition of digital signatures. The Central Bank Act 2018 (Section 71) provides the CBG's supervisory mandate over all payment service providers.

Mobile Money Regulation 2011, issued under sections 52 and 75 of the CBG Act 2005, requires both bank-led and non-bank providers to obtain CBG authorisation before offering mobile money services. The CBG's Financial Supervision Department licenses and supervises all mobile money operators.

The Gambia launched BANTABA 2.0 in 2025 — the country's first real-time, fully interoperable national payment system built on the Mojaloop open-source platform — enabling 24/7 instant settlement across banks, mobile money operators, fintechs, and government institutions.

A National Payment Systems Advisory Committee (NPSAC) was established following the BANTABA 2.0 launch to provide strategic oversight, coordination, and governance for The Gambia's digital finance transformation.

The CBG has developed dedicated FinTech Guidelines and a regulatory sandbox framework to stimulate fintech growth, accelerate financial inclusion, and support vulnerable groups. These operate within the CBG's broader supervisory structure rather than a standalone fintech act.

Payment service providers are subject to the Anti-Money Laundering and Combating the Financing of Terrorism Act 2013, enforced jointly by the CBG and the Financial Intelligence Unit (FIU); mandatory KYC, continuous transaction monitoring, and suspicious transaction reporting apply to all licensed PSPs.