The interoperability of electronic payments by telephone will be effective from 31 March 2019 in the Central African Economic and Monetary Community (CEAMC).
One month from the deadline, various partners involved in the implementation of this project, in this case, mobile operators, banks and the interbank banking monétique of Central Africa (GIMAC) are reassuring. Everything will be ready to date for
the interoperability of payments is a reality.
Indeed, “we are working on it, we will have the opportunity to make transactions with the banks,” said a senior official.
mobile phone company, specifying that in the spirit of this interoperability, it is a question of ensuring that we have intermediation and interoperability of payment.
In other words, transactions go from the mobile to the card, from the card to the mobile, from the mobile until the withdrawal of GAB TPE acceptance points, and vice versa, payments initiated with a mobile operator that will be unraveled at another mobile operator.
One of the thorny issues that must be addressed is the costs of
transactions where it will be necessary to find the happy medium. Explaining the mechanisms of operation, the director general of GIMAC, Valentin Mbozo’o said that “this means that the instruments of payment of the mobile of an operator will be able to interact with the instruments of the other and vice versa”.
In all likelihood, the inter-bank electronic banking regulator of the sub-region is banking on this interoperability process to boost transaction levels and reduce costs. In any case, “we believe that the interoperability of mobiles will increase the volume
mobile, it will decompartmentalize and increase usability, possible uses, “he said.
According to sources close to the case, the total amount of mobile money transactions in Central Africa amounts to 5,700 billion FCFA in 2018.
