Regulatory Alerts2020-03-01
Circular Letter 006 - To All Payment Service Providers in the CEMAC
The Bank of the States of Central Africa (BEAC) issued Circular Letter 006 to all CEMAC payment service providers, mandating the continuous availability and reliability of payment services throughout the COVID-19 pandemic. The Governor requires providers to significantly reduce customer fees and ensure broad public access to these services in compliance with Articles 18 and 19 of the December 2018 payment services regulation. This directive underscores corporate social responsibility and active implementation of accompanying measures to mitigate the pandemic's adverse economic effects on populations.
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