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Electronic money: Gabon carries out more than 2,062 billion CFA francs in transactions

26/01/2022
Categories: Sectors

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Gabon carries out more than 2,062 billion CFA francs in electronic money transactions during the year 2020. The information was announced in the report of electronic money payment services for the year 2020 of the Bank of States of Central Africa (BEAC).

According to the report of electronic money payment services for the year 2020 of the Bank of Central African States (BEAC), this good performance is attributed to the increase in payment accounts for electronic transactions in recent years. years, as they increased from 2.3 million in 2019 to 2.7 million in 2020. An increase which is also explained by the increase in distributors and subscribers to mobile money services. With regard to the evolution of the outstanding balance of electronic money, it stands at more than 29 billion CFA francs against nearly 26 billion francs in 2019. According to the BEAC, the interoperability promoted for a few years by the Groupement interbancaire monétique de l'Afrique centrale (Gimac) has also favored this popularization of electronic payments, to which should be added transfers abroad. Furthermore, the indicators note a positive evolution in all the countries of the sub-region, with the exception of Chad, which has experienced a drop in transactions of 19.22% over the past two years.

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