Created in 2015, the Groupement interbancaire monétique de l’Afrique centrale (GIMAC) presents its financial achievements. Valentin Mbozo’o, the managing director of this company in charge of transferring bank funds via digital and 99% owned by the Bank of Central African States (BEAC) takes stock. “Since 2015, Gimac has totaled five million transactions processed without major incident, for a cumulative amount of CFAF 263 billion”, we learn from official sources.
Gimac’s actions affect 44 banks, 07 microfinance establishments, three mobile money operators, a money transfer company, and two value-added service providers. A network that Valentin Mbozo’o intends to extend to around sixty participants with production scheduled for December 2020 with YUP, Airtel Tchad, MTN Congo, Airtel Congo, Gabon Télécom, Orange Centrafrique.
Many innovations are cited in spades in this time of existence, against the backdrop of the commitment to seeing the lives of customers and other economic players improve. This is the case with the implementation of Remittence. A service that allows you to receive money from all over the world. “The contribution of the diaspora to Africa’s development is a hot topic. To make their job easier, GIMAC has set up a service dedicated to transferring money from around the world to bank accounts or mobile accounts in Cemac. It’s about Remittance, ”they explain.
This service is provided by Terrapay, which manages the flows of the information companies of the participants. With it, customers can receive Western Union, Express money, Instant cash, Daytona, Nobel financial etc. transfers. Le Gimac further explains that withdrawals can be made without a card. This service allows you to receive money from all over the world. “Already 150 ATMs of the Gimac network (UBA, CCA Bank, and NFC Bank) in Cameroon offer cardless withdrawal services. “
Le Gimac announces that it has a card. Thanks to which customers can make withdrawals, pay for goods and services at a reduced cost at all bank ATMs, as well as at merchants with payment terminals. General Manager Valentin Mbozo’o explains that you can pay bills for water, electricity, taxes, television etc. “These are the services to which access generates bills for which you have to travel. But it will no longer be a constraint thanks to a Gimac offer, ”we are pleased to say.
In addition, it is argued that with the ‘Transfer’ service, Gimac works in an interconnected manner in the Gimacpay ecosystem, all players in the banking sector, micro finance and mobile money see the lives of the population. facilitated. “This service allows you to transfer money from a bank account or a mobile account to a bank account or a mobile account vice versa through the Gimapay platform. So it is now possible to send from an Orange money account or a Speedoh account and vice versa. Likewise, sending money from Moving to Airtel Money in Gabon or EUMM and vice versa becomes possible. “
Le Gimac says its commitment to consolidate digital financial transactions. An action aimed at supporting banks in the payment sectors in general, including banks in particular, with the aim of improving the rate of banking services and promoting financial inclusion.
