Visa intends to strengthen foothold in Central Africa

A new partnership is expected to have a substantial impact on digital payments in Cameroon, Chad, Central African Republic, Congo, Gabon, and Equatorial Guinea.

BEAC Governor underlines organisation’s stance following extraordinary meeting of the Bank’s monetary policy committee.

Country’s Vice President has warned that issues with the transaction could impact connectivity.

Outcome of an extraordinary meeting hosted by the financial regulator.

Bank of Central African States issues point of order to CAR.

The latest MoU forms part of the broader Central African Backbone (CAB) project.

Authorities are said to be keen to have a clear, operational and strategic understanding of cryptocurrency operations.

Member states of the Central African Economic and Monetary Community pen bilateral agreements.

Bank of Central African States (BEAC) cited a report on the state of electronic payment services in Central African Economic and Monetary Community.

Ministry of Finance report highlights lack of a legal framework on the digital currency and anonymity of users as key risks.

Bank of Central African States emphasises that subscriber airtime can only be deducted for communications and data subscription.