CEMAC: Gimac on the road to full interoperability

Nov 06, 2018 | Financial Afrik

At the end of the two-day workshop, from 10 to 12 October 2018 in Douala (Cameroon), the interbank Banking Group of Central Africa (Gimac), has released its roadmap towards full interoperability.

According to Valentin Mbozo’o, the Director Deneral of GIMAC, the work was aimed at discussing the applicability of the BEAC Governor’s instruction n ° 003 / GR / 2018 signed last August. The instruction in question concerns expanding the scope of interoperability to support the dematerialization of payments in the sub-region.

“This instruction also addresses the transaction security, CFA clearing of transactions carried out in the CEMAC zone, the constitution of guarantee accounts in CFA and their domiciliation to the BEAC, the introduction of a declarative regime managers of systems and payment platforms; and incidentally sanctions and penalties, to minimize the failures of participants in the interoperable system, “said Mbozo’o.

The GIMAC has 56 members including 52 banks and 4 microfinance institutions distributed in the six CEMAC countries: Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad. Until then, a number of transactions are carried out with the foreign cards.

 

Source: Financial Afrik