West Africa: Dakar hosts GIM-UEMOA's regional electronic banking forum

Dec 17, 2014

GIM-UEMOA, the interbank card switching and clearing service of the West African Economic and Monetary Union (WAEMU), held on December 13th in Dakar the third regional electronic banking forum.

GIM-UEMOA, the interbank card switching and clearing service of the West African Economic and Monetary Union (WAEMU), held on December 13th in Dakar the third regional electronic banking forum.

According to organisers, the event aims to bring together members of the West African financial sector so that they can share their experiences as well as the latest innovations to improve financial inclusion.

The latter "must be an instrument available to all people, both in urban and rural areas," said Moussa Alassane Diallo, director of the GIM-UEMOA.

"The challenge faced by the WAEMU's financial community is how to reach all layers of society to include them in the financial system, in a bid to mobilise the flow necessary to fund our economies and ensure economic growth, the fight against poverty, unemployment and the welfare of our people," he said.

The GIM-UEMOA launched its prepaid card GIM-Prepaid across the eight countries of the WAEMU region in 2013.

It enables the user to do top-ups, transfers from card to card, withdrawals, cash advance, purchases and
payments through a network of 106 partner banks.

According to GIM-UEMOA's president Blaise Ahouantchede, the GIM-Prepaid fills a need in the WAEMU
area, as the rate of access to banking services only stands at seven
per cent
and the bank card equipment rate at two per cent.

GIM-UEMOA is an interbank electronic payment system and economic integration tool that works through a platform that allows financial institutions to interconnect and allows cardholders to make payments and withdrawals from ATMs.ADNFCR-2976-ID-801766305-ADNFCR