Equatorial Guinea’s financial sector remains heavily reliant on its hydrocarbon-driven economy, with minimal progress in digitizing financial services. The country’s focus has primarily been on expanding mobile money adoption to improve financial inclusion. However, digital financial integration remains in its early stages.

BEAC’s regional reforms, such as promoting interoperability and mobile payment systems, provide a foundation for financial modernization. That said, the lack of digital infrastructure and limited banking penetration mean that open banking is not currently a priority in Equatorial Guinea’s financial agenda.