The Singaporean firm KiwiPay is conquering the monetics of the Economic and Monetary Community of Central Africa (CEMAC) has just concluded a partnership with the Interbank Monetic Group of Central Africa (GIMAC) in order to extend the payment digital in this part of the continent.
Under the terms of the agreement, the goal is “to optimize KiwiGo’s (KiwiPay app) services for financial inclusion and cashless payment solutions for CEMAC customers and businesses.” This agreement offers multiple services to customers and merchants, while connecting them to cashless payment solutions. The arrival of KiwiGo also enables the deployment of WeChat Pay, Google Pay, AliPay and Apple Pay.
It is also an opportunity for GIMAC, owned by the Bank of Central African States (BEAC) whose mission is to ensure the promotion, supply, supervision and regulation of electronic payment services to consolidate its positioning in this segment.
With 8 million transactions in 6 years of existence, GIMAC’s activity is on an evolutionary curve, with approximately 280 billion FCFA mobilized, (over 152 million dollars) during the period considered. So far, these actions cover 44 banks, 7 microfinance institutions, 3 mobile money operators, 2 value-added service providers and 1 money transfer company.