The interbank electronic banking Group of Central Africa (Gimac) will proceed for the official launch of the “Gimac card” on January 29 2016 to Yaoundé, capital of Cameroon. This will enable cash withdrawal transactions and payments on electronic terminals in six countries of the Economic and Monetary Community of Central Africa (CEMAC) including Cameroon, Congo Brazzaville, Gabon, Chad, Equatorial Guinea and the CAR.
According to the CEO of the Gimac, Mbozo’o Valentin, this community bank card is a reality since first quarter of 2015, and two hundred and fifty thousand (250.000) cards were commissioned at the end of December 2015 by certified banks. This new instrument of financial integration in the CEMAC Zone is marketed by the National Financial Credit (NFC), a Cameroonian Bank. He said: ‘‘The International Bank of Cameroon for Savings and Loans (Bicec), the Commercial Bank of Chad (CBT), and Ecobank Cameroon, already certified in 2015, are in pre interbank production phase.’’ He added that with many banks already operational on the platform and many other bank integration projects from January 2016, the Gimac aims at integrating the majority of its members by the end of 2016, to complete the establishment of the infrastructure of the interbank electronic payment ecosystem in the sub-region.
The arrival of this card will facilitate transactions operations on CEMAC zone for Ovamba, for it will enable transfers and withdrawals in all CEMAC countries.