GIMACPAY
- Geographic Reach
CEMAC
- Gender disaggregated data
No
- Geographic Region
Central Africa
- Coverage
Regional
- Year Of Establishment
2020
- IPS
Cross-domain
- Interoperability Arrangement
Multilateral
- Governance Typology
Public Private Partnership (PPP)
- Ownership Model
Jointly owned
- System Owner
Bank of Central African States
- Overseer
Bank of Central African States
- System Governance
Bank of Central African States
- Operator
GIMAC
- Settlement Agent
Bank of Central African States
- Number of Unique IPS End Users
-
- Total Number Of Participants
109
- Number Of Direct Participants: Commercial Banks
56
- Number Of Direct Participants: E-money Issuers
-
- Number of Direct Participants: MFIs
-
- Number of Direct Participants: Other
-
- Number of Direct Participants: Post Office
-
- Indirect Participants Type
Mobile operators (11), MFI (15), Aggregators (27)
- Number Of Indirect Participants
53
- Supported Use Cases
P2P, P2B , P2G , B2B, Cross border
- Supported Instruments
Credit EFT, E-money, Card
- Primary Local Channel
USSD
- Supported Channels
USSD, Agent (e-money), Agent (banking), App, Browser, QR Code, POS, ATM
- QR Code Enabled Type
Both
- Messaging Standard
ISO 8583, ISO 20022, Proprietary
- Proxy ID
Bank account number , Mobile phone number, Merchant ID
- Other Proxy ID Type
-
- Business Model
Not-for-loss
- Pricing Structure
Commission sharing between participants for certain services/fixed costs for GIMAC for certain services
- Scheme Rules Public
No
- Additional Recourse Requirements
No
- Dispute Resolution Mechanism
Yes
- API Functionality
Yes
- Startup Funding Source
GIMAC financing but also BEAC majority shareholder
- Participation in Decision Making
Yes
- Mechanism for Decision Making
Members participate in the budget vote and choose their representation on the GIMAC board. Participants are invited to the working groups.
- Ability to become Direct Participants
No
- Entities that cannot Participate
MFI and mobile operators members are supported by banks to cover transactions. Fintechs (Aggregators) are supported by banks as settlement agents.
- Min Value for Transactions
500 FCFA for mobile and 5000 FCFA for ATM withdrawals
- Corporate Structure
Other
- Other Corporate Structure
Cooperative non-profit organisation (Groupement d'Intérêt Économique (GIE))
- Pull Request to Pay Enabled
Yes
- Third Party Connections Enabled
No
- Real Time Payment Confirmation
Yes
- Transaction Validation Enabled
No
- Inclusivity Ranking
Progressed
