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Development of financial inclusion: interconnections of 120 banks in the 8 UEMOA countries

18/04/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Interbank Monetary GroupBookman Old Style”, "Serif"">UEMOA (GIM) believes it will contribute to the development of financial inclusion in the subregion through the strong penetration of its payment

cards.

120 banks are interconnected in the 8 countries that form the Union and under the control of the BCEAO, but are still not widespread; fewer than 7 million users for a population of 120 million inhabitants. Ghima Diarrassouba-Mama, the marketing manager of the Interbank Montique Group (GIM), “the proportion of users is indeed very low. We want to gain at least 10% of the market share.”

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