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Microfinance: COFINA launches its bank card

02/09/2022
Categories: Sectors

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The African Finance Company (COFINA) is launching a digital product that allows money withdrawal operations from the cash machines of all banks affiliated with R& Eacute; in GIM UEMOA and in all member countries. On Thursday, August 25, 2022, it launched the GIM UEMOA card.

The pan-African financial institution's new product now allows customers to access “solutions that make them autonomous in virtually every area of their lives & Raquo;. This means access to their assets 24/7 in all banks affiliated to the Interbank Monetary Group of the West African Economic and Monetary Union (GIM-UEMOA), an international organization, created in 2003 by the BCEAO and banks with the aim of implementing a system egrave; regional interbank electronic payment and withdrawal method.

For the CEO of COFINA, Thiendou Mbaye, the world is changing and digitization is a strong driver of this progress. Similarly, the behavior of the human race and its expectations are also evolving; thus imposing challenges for actors in Decentralized Financial Systems (SFD). “It is with this in mind that today, we SFD and COFINA in particular can be proud of this achievement, of this great leap forward, through which our SFD customers can use this means of operation that, until now, was only accessible q& Rsquo; with classic banks,” Thiendou Mbaye proudly announces.

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