Towards a co-operation of transfers



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GIMAC and TerraPay have signed a strategic partnership agreement that will strengthen the CEMAC remittance ecosystem.

GIMAC, Afriquele's regional online banking platform Central Africa, and TerraPay, the world's leading mobile payments distributor, are now together. They signed a strategic partnership agreement that will strengthen the remittance ecosystem in the CEMAC region.

The partnership will allow instant transfer of funds to bank accounts and mobile portfolios in the CEMAC zone, which includes Cameroon , Republic of Congo, Gabon, Equatorial Equatorial Guinea, Central African Republic and Chad.

The objective of GIMAC is to establish the regulatory and security framework as well as the interoperability of electronic banking among its members. members (Banks, Public Treasuries, Postal and Micro Finance Institutions, Electronic Money Issuers) in the Economic and Monetary Economic Community of Central Africa)

Building on TerraPay's Global Clearing and Settlement Service for mobile portfolios, the partnership will allow migrants from all over the world to send money to wallets mobiles and mobile bank accounts, in real time to Central Africa, more quickly and conveniently.

"The collaboration between TerraPay and GIMAC is part of the company's long-term strategy to the interoperability and democratization of financial services in Africa. Our partnership should contribute to the implementation of quick and inexpensive cash transfers to CEMAC and accelerate the creation of an ecosystem, in order to deliver essential value to stakeholders and consumers. The main economic and social objective of our partnership is to provide migrants in the CEMAC region with access to inexpensive, secure and instantaneous means of payment, "said Ambar Sur, founder and CEO of TerraPay.

For his part , Valentin MBOZO'O, CEO of GIMAC, said: "The digitalization of transfer services is the last step towards improving the supply of its financial services. Through this partnership, the GIMAC will contribute to the reduction of the transfer costs and the improvement of the quality of life of the populations, this by sending in an instant the flows received from the diaspora via TerraPay, towards the populations through the channels of acceptance of members such as bank accounts, mobile accounts or prepaid card accounts.

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