Regulatory Alerts2016-10-01
Status of Electronic Money Payment Systems in CEMAC - 2018
The Central Bank of the States of Africa (BEAC) issued this 2018 regulatory status report detailing the expansion and operational framework of electronic money payment systems across the CEMAC region. The document mandates full interoperability among all payment instrument issuers, establishes clear supervision and surveillance roles for COBAC and BEAC, and introduces a dedicated category of payment institutions to govern electronic money issuance and management. It further requires standardized technical norms, enhanced user protection, and strict anti-money laundering compliance to secure state revenues and accelerate the shift toward a formal digital economy.
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