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[DIGITAL Business Africa] – During a recent memorandum of understanding signing event held at GIMAC’s new premises in Bastos, Yaoundé, AfricaNenda and GIMAC revealed noteworthy achievements for the company’s GIMACPAY solution.
The eight-month period from January to August 2023 saw GIMAC process 7.5 million transactions worth a cumulative amount of 377 billion CFA Francs without any significant incidents.
This positive performance was largely attributed to the transfer and remittance service, which experienced a 150% increase in volume and cumulative transaction amount.
Furthermore, GIMAC has announced plans to deploy 16 new interoperable mobile services by October 2023. Since its establishment in 2015, the Group has processed more than 33 million transactions worth a cumulative amount of 1,400 billion CFA Francs.
GIMAC, an Economic interest group (GIE) with the Bank of Central African States (BEAC) as its main shareholder (99.2%), facilitates the implementation of the Central African Economic and Monetary Community’s Interbank Electronic Payment System (SMI) through its GIMACPAY ecosystem.
This ecosystem provides its 93 participants with interoperable card, mobile, and transfer payment services, connecting over 35 million active wallets in CEMAC.
GIMAC also announces the deployment of 16 new interoperable mobile services by next month (October 2023).
The Group ensures the promotion, provision, supervision and regulation of comprehensive interoperability electronic banking services across the CEMAC, through the convergent GIMACPAY ecosystem.
By Digital Business Africa
L’article GIMACPAY processed 7.5 million transactions totaling 377 billion CFA Francs between January and August 2023 est apparu en premier sur Digital Business Africa.
