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CEMAC

GIMACPAY

Scheme name: GIMACPAY

IIPS Type: Cross-domain

Instruments: Credit EFT, Debit EFT, E-money, Card

Channels: Browser, App, POS, QR, USSD, ATM

Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G), Fees & taxes (P2G), Inventory & business services (B2B)

Inclusivity level: Progressed

Year of establishment: 2020

System owner: BEAC and commercial banks

Overseer: BEAC

Operator: GIMAC

Total Participants: 105

Volumes 2023: 12,035,288

Values 2023: 983,219,448 USD

Back to mapMore information about this topic
CategoryGIMACPAY
Geographic reachRegional
Geographic descriptionCEMAC
Scheme governanceBEAC
Settlement agentBEAC
Participants - commercial banks53
Participants - MMOs11
Participants - non-bank PSPs27
Participants - MFIs14
Volumes 20191,283,420
Volumes 20203,008,865
Volumes 20218,830,498
US$ Exchange Rate 30 April612.0180
Values 2019118,238,352 USD
Values 2020222,060,462 USD
Values 2021536,168,871 USD
Values 2022647,485,858 USD
Values 2023 not-on-us transactions (US$)86,237,660 USD
Values 2023 on-us transactions (US$)896,981,788 USD
Total value of instant payment transactions 2023 (US$)983,219,448 USD
Interoperability arrangementPayment system operator
Ownership modelJointly owned
Governance TypologyPPP
Scheme rules shared or publically available?No
Messaging standardISO 8583
Types of proxy IDsMobile phone number; Proprietary ID; QR code
Use of open APIsYes
QR code standard N/A
Pro-poor governanceYes
CB governance involvementYes
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)Yes
RecourseNo
Not-for-lossYes
StatusPotential to reach mature level
Strengths/driversFulfilment of progressed criteria as well as already fulfilling the not-for-loss business model provides a good base to reach mature level.
Areas of developmentAreas for development include expanding use cases further and implementing consumer recourse requirements.

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