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CEMAC
GIMACPAY
Scheme name: GIMACPAY
IIPS Type: Cross-domain
Instruments: Credit EFT, Debit EFT, E-money, Card
Channels: USSD, App, Browser, POS, ATM, QR
Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G), Fees & taxes (P2G), Inventory & business services (B2B), Cross-border
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 map| Category | GIMACPAY |
|---|---|
| Geographic reach | Regional |
| Geographic description | CEMAC |
| Scheme governance | BEAC |
| Settlement agent | BEAC |
| Participants - commercial banks | 53 |
| Participants - MMOs | 11 |
| Participants - non-bank PSPs | 27 |
| Participants - MFIs | 14 |
| Volumes 2019 | 1,283,420 |
| Volumes 2020 | 3,008,865 |
| Volumes 2021 | 8,830,498 |
| US$ Exchange Rate 30 April | 612.0180 |
| Values 2019 | 118,238,352 USD |
| Values 2020 | 222,060,462 USD |
| Values 2021 | 536,168,871 USD |
| Values 2022 | 647,485,858 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 arrangement | Payment system operator |
| Ownership model | Jointly owned |
| Governance Typology | PPP |
| Scheme rules shared or publically available? | No |
| Messaging standard | ISO 8583 |
| Types of proxy IDs | Mobile phone number; Proprietary ID; QR code |
| Use of open APIs | Yes |
| QR code standard | N/A |
| Pro-poor governance | Yes |
| CB governance involvement | Yes |
| Expanded use Cases | No |
| Minimum channel functionality | Yes |
| Minimum use case functionality | Yes |
| All licensed PSPs can participate (all-to-all interoperability) | Yes |
| Recourse | No |
| Not-for-loss | Yes |
| Status | Potential to reach mature level |
| Strengths/drivers | Fulfilment of progressed criteria as well as already fulfilling the not-for-loss business model provides a good base to reach mature level. |
| Areas of development | Areas for development include expanding use cases further and implementing consumer recourse requirements. |
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