New mobile banking platform launched in Senegal

Dec 16, 2011

Gim-Uemoa, the e-payment governance and supervisory body within the West African Economic and Monetary Union (WAEMU), has launched a new mobile banking platform in Senegal called Gim-mobile.

Gim-Uemoa, the e-payment governance and supervisory body within the West African Economic and Monetary Union (WAEMU), has launched a new mobile banking platform in Senegal called Gim-mobile.

Through this system, users can pay invoices and make payments, purchases, money transfers and deposits via mobile phone, Le Soleil newspaper reports. It links any mobile phone to bank accounts, bank cards or virtual prepaid accounts.

Any bank situated within the WAEMU will now be able to offer its clients banking services via a mobile phone.

According to Boukary Zongo, Director of E-payment Standards at the Gim-Uemoa, Gim-mobile should increase access to banking services in countries within the WAEMU. This is because it is available to people who do not have access to financial services, as well as those who already do.

In Senegal, mobile payment service Orange Money has been operating for more than a year. Introduced by the national telecommunication company Sonatel, this system has already generated more than FCFA3 billion (€4.6 million) in transactional value and has more than 400.000 users, APA news agency reports.ADNFCR-2976-ID-801241614-ADNFCR