The partnership will provide people in West Africa with solutions such as open banking, remote customer identification and strong authentication solutions, said a press release from the Interbank Monetary Group of the West African Economic and Monetary Union (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,” said Minayegnan Coulibaly, CEO of GIM-UEMOA. The organisation, which was created in 2003, brings together banks, microfinance structures, electronic money institutions and other financial institutions to help promote electronic payment systems in the West African Economic and Monetary Union.
Three Luxembourg companies--Luxhub, Luxtrust and i-Hub--are partnering with GIM-UEMOA and the Dakar-based cybersecurity firm Suricate Solutions to develop the GIMpay infrastructure and its associated ecosystem. Luxhub brings open banking knowledge to the table, Luxtrust provides its experience in digital identity solutions, while i-Hub has expertise in e-KYC (know your customer) services.