{"id":465956,"date":"2019-05-03T12:43:54","date_gmt":"2019-05-03T11:43:54","guid":{"rendered":"https:\/\/kapitalafrik.com\/?p=465956"},"modified":"2019-05-03T12:43:54","modified_gmt":"2019-05-03T11:43:54","slug":"cemac-zone-strong-increase-in-electronic-money-transactions","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/05\/03\/cemac-zone-strong-increase-in-electronic-money-transactions\/","title":{"rendered":"CEMAC zone: strong increase in electronic money transactions"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Electronic money transfers have increased significantly in Central Africa, with a cumulative amount of 8296 billion FCFA in 2018.<br \/>\nElectronic money transactions in the countries of the Central African Economic and Monetary Community (CEMAC) reached 8 296 billion FCFA in 2018. These figures, which concern the twelve mobile operators active in the sub-region, are clearly increase, representing almost double e-money transactions recorded in 2017, which amounted to 4700 billion FCFA.<\/p>\n<p>A classification of these transactions shows that e-money transactions through Mobile Money account for 99% of the activity. According to the chief executive of the interbank banking group of Central Africa (GIMAC) Valentin Mbozo&#8217;o, this rise which comes in a context of democratization of the mobile phone should continue, as electronic transfers are increasingly affecting areas non-urban.In this context,<\/p>\n<p>&#8220;To take into account the evolution of the landscape in terms of new payment instruments, with the exponential development of the mobile money, a technology that better matches the lifestyles of the CEMAC populations as well as money transfers, GIMAC has a three-year strategic plan for 2018-2020, based essentially on the implementation of<\/p>\n<p>the interoperability of mobiles, as well as the integration of money transfer, for a convergence of Card, Mobile and Transfer transactions &#8220;, he said. To better organize the electronic banking sector in the sub-region, the Bank Central African States (BEAC) took a decision in August 2018 on defining the scope of interoperability and the interbanking of electronic payment systems in the CEMAC zone. A measure that could make the activity more dynamic as the banks have started to create mobile accounts, a question of keeping a watch on electronic money transfers that generate a lot of revenue.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Electronic money transfers have increased significantly in Central Africa, with a cumulative amount of 8296 billion FCFA in 2018. Electronic money transactions in the countries of the Central African Economic and Monetary Community (CEMAC) reached 8 296 billion FCFA in 2018. These figures, which concern the twelve mobile operators active in the sub-region, are clearly<\/p>\n","protected":false},"author":536755,"featured_media":465960,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000,11996],"tags":[12248,13657],"class_list":{"0":"post-465956","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"category-finance-en","9":"tag-cemac-en","10":"tag-cemac-zone","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CEMAC zone: strong increase in electronic money transactions - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2019\/05\/03\/cemac-zone-strong-increase-in-electronic-money-transactions\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-03T11:43:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2019\/05\/CEMAC-696x685.png\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"685\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Achille Mbog Pibasso\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Achille Mbog Pibasso\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/05\\\/03\\\/cemac-zone-strong-increase-in-electronic-money-transactions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/05\\\/03\\\/cemac-zone-strong-increase-in-electronic-money-transactions\\\/\"},\"author\":{\"name\":\"Achille Mbog Pibasso\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/8d132772bfae769afd28ca776bc57f28\"},\"headline\":\"CEMAC zone: strong increase in electronic money transactions\",\"datePublished\":\"2019-05-03T11:43:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/05\\\/03\\\/cemac-zone-strong-increase-in-electronic-money-transactions\\\/\"},\"wordCount\":279,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/05\\\/03\\\/cemac-zone-strong-increase-in-electronic-money-transactions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/CEMAC-696x685.png\",\"keywords\":[\"CEMAC\",\"Cemac zone\"],\"articleSection\":[\"Banks &amp; Insurance\",\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/05\\\/03\\\/cemac-zone-strong-increase-in-electronic-money-transactions\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/05\\\/03\\\/cemac-zone-strong-increase-in-electronic-money-transactions\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/05\\\/03\\\/cemac-zone-strong-increase-in-electronic-money-transactions\\\/\",\"name\":\"CEMAC zone: strong increase in electronic money transactions - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/05\\\/03\\\/cemac-zone-strong-increase-in-electronic-money-transactions\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/05\\\/03\\\/cemac-zone-strong-increase-in-electronic-money-transactions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/CEMAC-696x685.png\",\"datePublished\":\"2019-05-03T11:43:54+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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