Central Banking

Bank of Central Africa to use CMA payment system

The Bank of Central Africa is implementing a real-time gross settlement (RTGS) platform supplied by Stockholm-based CMA Small Systems.

The central bank will install CMA's RTS/X software at all the branches located across the member countries of the Central African Economic and Monetary Community (CEMAC), FinExtra reported.

The software will be delivered by CMA's France office and implemented by Senegal-based Chaka Computer and Cameroon's Chaka Banque Finance, the report said.

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