GIM-UEMOA Partners With PaySky
The agreement encompasses five essential services across eight countries, serving 133 banks, 500 decentralised financial services.
Topics
GIM-UEMOA, an international organisation for the interbank electronic payment system for the West African Economic & Monetary Union (WAEMU) area, has recently signed an agreement with PaySky, a digital payments ecosystem enabler for the development of GIMpay.
The GIMpay infrastructure and the associated new ecosystem constitute the new GIM-UEMOA mutualisation proposal that will redefine the digital financial landscape in the WAEMU, promoting financial inclusion, fintech innovation and improved customer experience.
Potential Expansion: Moreover, PaySky is currently engaged in discussions to offer ATM Value Added Services (VAS) within the GIMpay ecosystem. This additional service has the potential to further enhance the financial infrastructure by providing a range of value-added offerings through ATMs, catering to the evolving needs of consumers.
The agreement between GIM-UEMOA and PaySky, encompassing five essential services across 8 countries, serving 133 banks, 500 decentralised financial services, 40 electronic money issuer, and 180 fintech represents an unprecedented milestone in the fintech landscape in Africa. This alliance not only solidifies PaySky’s position as a trusted leader but also sets the stage for future advancements and innovations in the financial technology sector.
“We are delighted to partner with PaySky as a contributor to the GIMpay ecosystem. GIMpay is a catalyst for the initiatives of banks, electronic money institutions, decentralised financial services, fintech and national treasuries in mastering the customer experience for a responsible digital finance ecosystem,” said Minayegnan COULIBALY, CEO GIM-UEMOA.
Dr. Waleed Sadek, Founder & CEO of PaySky said: “We are thrilled to partner with GIM-UEMOA, as this collaboration marks a transformative step towards driving fintech and digital innovations in West Africa, based on PaySky’s vast experience in developing payment solutions for leading financial institutions, central banks, telecom operators and FinTech companies worldwide. As the chosen technology contributor for 5 crucial services within the GIMpay ecosystem, we are honoured to serve 8 nations, being Senegal, Cote d’Ivoire, Benin, Guinea-Bissau, Mali, Burkina Faso, Niger, and Togo. Our collective mission is to develop their national payment capabilities, empowering hundreds of thousands of merchants and millions of individuals with the latest technology in the payment domain. This collaboration will play a pivotal role in supporting these countries’ journey towards financial inclusion and digital transformation as means to economic prosperity & social welfare.”
