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Cameroon: Set up of full interoperability

On the initiative of the Central African Electronic Banking Group (GIMAC), the finance and mobile experts met from 10 to 12 October 2018 in Douala to discuss the full interoperability card / mobile / transfer.
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01/14/2019 - 16:22
Mike Biya
Rédacteur cameroun-online

Faced with the rise of new payment instruments like the mobile, it became necessary to expand the scope of interoperability. The objective pursued is to take into account this new situation, to accentuate the dematerialization of payments in the Central African sub-region.

The governor of the Bank of Central African States gave firm instructions on August 10, 2018. These instructions defined the scope of the interoperability and interbanking of electronic payment systems. Interoperability combining mobile money and money transfers will lead to a significant technological leap.

This change will affect all users' financial transactions. From a payment card, money transfers will be possible on all ATMs in the sub-region. The user can conduct operations on all points of loading and unloading electronic, make payments of goods and services at all merchants. It will also be able to transfer money throughout the CEMAC zone.

According to the Director General of GIMAC, Valentin Mbozo'o, the full interoperability card / mobile / transfer will boost growth in the CEMAC.The Interbank Banking Monetic of Central Africa, is an Economic Interest Group ( GIE) within the meaning of the OHADA, whose ex-officio members are members of the Bank of Central African States (BEAC), consist of fifty of the first-class banks of the Central African Economic and Monetary Community. (CEMAC). The Groupement was created on June 4, 2012 in Douala with a capital of 3,500,000,000 FCFA.

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