logoBC
Yaoundé - 18 October 2019 -
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.

france-first-supplier-of-imported-products-under-cameroon-s-economic-partnership-with-the-eu
Between August 4, 2016, and August 4, 2019, under the economic partnership agreement with the European Union, there were four main suppliers for products...
cameroon-successes-and-challenges-of-the-construction-of-the-nationale-n-15
While the lot 4 (44.9-km Yoko-Lena section) of the Nationale n° 15 Batchenga (Centre)-Ntui-Yoko-Lena-Tibati (Adamaoua) has been completed already,...
cemac-authorities-praise-a-rise-in-the-volume-of-currency-channeled-back-by-banks-to-the-beac
At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
cameroon-18-carriers-authorized-to-operate-in-nov-2019-march-2020
Cameroon Civil Aviation Authority (CCAA) recently published the winter 2019/2020 flying schedule of carriers operating in Cameroon. For the winter, which...

Mags frontpage


Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres


Reviewing the state of things in the North and Far North


Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »


Décollage réussi pour la Transahélienne de Camair-Co