Saturday , April 17 2021

National Director of BCEAO Call for Trust in Electronic Money Devices

Dakar, November 28 (APS) – Ahmadou Al Aminou Lo, National Director of the Central Bank of West African States, urged users to have greater confidence, especially on electronic money instruments on Wednesday. The reliability of these tools.

& # 39; & # 39; Let's rely on these electronic money instruments. They are so easy from life that they need to be used more to avoid cash, par he said, establishing electronic money issuers and companies in the currency exchange office. online payment.

According to Ahmadou Al Aminou Lo, BCEAO 39 has taken all the necessary regulatory provisions for the efficient use of electronic money instruments Ah.

"Electronic money tools offer serious guarantees for safety and reliability," he said.

. In the regulatory framework, the central bank asks him for a file before he approves an electronic money institution. And in this file we ask him about the computer system.

At this level, Lo says, the central bank's task is to show "whether the distributed system is intact".

But beyond that control, he added "sharp tests" through the "bank commissioners" of the central bank, which "performs every year". These different systems established by electronic money services.

However, it reminded users that any technical system may be "subject to some vulnerabilities". Most importantly, he asserted that once these vulnerabilities were found, he could "fix" them immediately.

He further stated that these electronic money operators had an obligation to provide a complaint and complaint service to the users and that, in the event of a violation of this standard, the users had the possibility to apply them. The central bank will respond to this request in a short time.

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