Guinea’s financial sector is evolving under the supervision of the Central Bank of the Republic of Guinea (BCRG). Traditionally underdeveloped, the banking sector has recently undergone significant regulatory reforms to stabilize and modernize financial operations. The BCRG has introduced stricter licensing requirements, enhanced risk management protocols, and transparency initiatives aimed at aligning with international banking standards. Despite these advancements, Guinea remains a largely cash-based economy, with low banking penetration and limited digital infrastructure​.

In recent years, there has been a surge in mobile money services driven by partnerships between banks and telecom operators, aimed at increasing financial access in rural areas. Digital payment solutions and fintech innovations are also slowly gaining ground, presenting opportunities to extend formal banking services to the unbanked population​.