Mobile financial services are pivotal to fostering digital inclusion in Africa, a region where a substantial segment of the population lacks access to conventional banking services. Digital technology presents considerable transformational prospects in this area.

The Interbank Electronic Banking Group of Central Africa (GIMAC) is set to assist the Republic of Congo in the implementation of the CongoPay digital platform for financial transactions, confirmed Valentin Mbozo’o, Managing Director of Gimac, following a meeting with Léon Juste Ibombo, Minister of Post, Telecommunications and the Digital Economy, on Monday, March 25.

As part of this upcoming collaboration, Gimac commits to making the platform operational and accessible to all segments of the population. “By supporting a project like CongoPay, it will be possible for many people, even the least affluent and most vulnerable, to benefit from these digital payments, regardless of their purchasing power, standard of living, or societal position,” explained Mbozo’o.

This initiative aligns with the fifth pillar of the National Development Plan (NDP) 2020-2026, which aims to align Congo with the development of the digital economy, enabling everyday simple money transfers using electronic transaction technologies.

The CongoPay platform, set to be implemented by the Digital Development Agency (ADN), also partners with Mediasoft Lafayette, an IT engineering services company based in Côte d’Ivoire. This national platform will augment existing electronic money transfer services in Congo.

Once implemented, CongoPay is expected to facilitate trade and financial transactions in the country. It will also aid in improving the efficiency of public administration, facilitate financial inclusion by providing access to basic financial services, and promote the dematerialization of money in the country.

Samira Njoya