Regulatory Alerts2025-10-14
BEAC 2023 Annual Report on Payment Services in the CEMAC Region
The Bank of Central African States (BEAC) issued its 2023 Annual Report on Payment Services in the CEMAC region, detailing a 45.99% increase in transaction volume and a 23.91% rise in value to over 171.9 trillion CFA francs, driven by digitalization, mobile money expansion, and co-regulatory frameworks. The report highlights the adoption of new regional standards for QR codes, automated commercial paper, and direct debits, alongside the formal approval of seven payment institutions and the full operational integration of the GIMACPAY interoperability network. It further outlines a strict banking inclusion rate of 11.68%, a broad financial inclusion rate of 22.67%, and a mobile money penetration rate of 87.20%, while emphasizing ongoing cybersecurity measures and regulatory recommendations to sustain payment ecosystem growth.