GIM-UEMOA partners with LUXHUB and key Luxembourg players for the development of GIMpay
GIM-UEMOA, an international organization in charge of the interbank payment system for the West African Economic and Monetary Union (UEMOA) zone, has partnered with key players from Luxembourg for the development of GIMpay: Suricate Solutions, a cybersecurity expert; LuxTrust for digital identity solutions; LUXHUB for Open Banking; and i-Hub, for e-KYC services.
The GIMpay infrastructure and its associated new ecosystem, currently under construction, represent GIM-UEMOA’s new mutualization proposal to support all players in the regional ecosystem in structuring their digital, secure, and relevant offerings.
In an increasingly digitized world, this partnership will provide UEMOA populations with effective and secure digital identity solutions, such as Open Banking, remote customer identification (e-KYC), strong authentication solutions, and more.
According to Minayegnan COULIBALY, CEO of GIM-UEMOA, “We are delighted to partner with key players from Luxembourg to strengthen trust and security in the field of digital payments for the population of UEMOA. GIMpay acts as a catalyst for banks initiatives, electronic money institutions, decentralized financial services, fintechs, and national public treasuries in enhancing customer experience.”
Fabrice ARESU, CEO of LuxTrust, a leading international player in digital identities and trust services, adds, “LuxTrust is motivated by the ambitious project of GIM-UEMOA, as well as the opportunity to share its experience and implement its trusted solutions within the West African ecosystem, based on a similar model implemented in Luxembourg. GIM-UEMOA users will benefit in terms of security and protection of their personal data, which will definitely contribute to the adoption of these new services.“
Patrice POCHARD, CEO of Suricate Solutions, the cybersecurity leader in UEMOA, comments, “Every week, new cyber-attacks against the West African financial sector are detected. Suricate is proud to bring GIM and GIMpay partners its expertise in cyber resilience and operational security, especially in terms of security monitoring and incident response.”
Christophe BIANCO, Vice-President of ACRC, concludes “Suricate Solutions’ services are complemented by the establishment of the first community for sharing information and best practices in cybersecurity within the African financial sector by the Africa Cybersecurity Resource Center (ACRC), of which Suricate Solutions is a member. These innovative services will significantly improve the financial sector’s understanding of threats, attacks identification, and incident management, based on international best practices.”
Claude MEURISSE, CEO of LUXHUB, underlines “GIM-UEMOA’s strategic vision of Open Banking and, tomorrow, Open Finance. Connectivity between the region’s key players will enable greater financial inclusion and the development of new innovative solutions. Based on LUXHUB’s experience in deploying Open Banking, we are confident in our ability to support GIM-UEMOA in the achievement of this crucial project for the region“.
Pascal MORISINI, CEO of i-Hub, comments: “Thanks to advanced technologies and innovation, new payment solutions are emerging. These have opened up new market segments for banks, such as the offline payments market and access to financial services for non-financialized populations. Prudential players such as the GIM-UEMOA will also contribute to the strong growth of e-payment, and to its transformation, by ensuring better regulation and interoperability of transactions, notably through a normative framework, a strengthening of KYC and its digitalization (e-KYC), while emphasizing better risk and fraud management“.
Press release by GIM-UEMOA