logoBC
Yaoundé - 15 August 2020 -
Finance

CEMAC :The volume of electronic transactions has more than tripled in 2017

CEMAC :The volume of electronic transactions has more than tripled in 2017
  • Comments   -   Wednesday, 23 May 2018 13:25

(Business in Cameroon) - The Bank of Central African States (BEAC) has just published a report on the state of financial transactions within CEMAC in 2017.

In the report, BEAC indicates that 303,266,265 operations were conducted electronically and the total amount was estimated at more than CFA4,700 billion. This illustrates the high growth of these transactions since, in 2016, only 97,836,317 financial operations (for a total of CFA1,631 billion) were conducted electronically (a difference of 205,429,948 and more than CFA3,000 in value) in the region.   

Out of the 303,266,265 electronic operations, mobile money represents 99%. In addition, the report reveals that by December 31, 2017, 39,731 electronic money service companies were identified within CEMAC while at the same time in 2016, only 11,472 were identified. The Bank further explains that the exact number of the operators could not be determined since it was not possible to identify the exact number of call boxes affiliated to some network operators.

camrail-renovates-13-railway-bridges-and-announces-completion-of-rehabilitation-works-on-55-others-for-2021
The Interministerial Committee on Railways Infrastructure (Comifer) recently checked the completion of renovation works on 13 railway bridges. According...
cemac-beac-announces-the-launch-of-etransfert-to-speed-up-the-processing-of-wire-transfer-requests
The Bank of Central African States (BEAC), the central bank of CEMAC countries, announces that on September 1, 2020, it will officially...
cameroon-postpones-implementation-of-the-fifth-phase-of-its-epa-with-the-eu
Importers were recently surprised to be asked the full customs duties for their car imports from the European Union (EU) instead of receiving a 10%...
national-bank-of-equatorial-guinea-obtains-business-license-for-its-subsidiary-in-cameroon
Bange Bank Cameroon SA, a subsidiary being set up by the National Bank of Equatorial Guinea (Bange) in Cameroon, was issued a business license by the...

Mags frontpage


Business in Cameroon n90: June 2020

Top 100 economic actors in Cameroon


Colonel Roger Kuitche: “Military strategy is an important tool that will beneft businesses and public administrations”


Investir au Cameroun n100 Juillet-Août 2020

Le Top 100 des acteurs économiques du Camerouns


Colonel Roger Kuitche : « la stratégie militaire appliquée aux entreprises et aux administrations est un outil à exploiter »