DistantNews
Support us
BEAC launches SYSTAC 2 to modernize CEMAC clearing system
🇨🇲 Cameroon /Economy & Trade

BEAC launches SYSTAC 2 to modernize CEMAC clearing system

From Journal du Cameroun · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • The Bank of Central African States (BEAC) has launched SYSTAC 2, a new electronic clearinghouse for the CEMAC region.
  • The system replaces an outdated 2007 platform with a unified, centralized, and secure system to support growth and fintech.
  • This upgrade aims to modernize financial infrastructure, enabling faster, smoother, and more secure transactions across Central Africa.

The Bank of Central African States (BEAC) has officially launched SYSTAC 2, its new regional electronic clearinghouse, marking a significant upgrade to Central Africa's financial system. The system, operational since August 12, 2026, replaces a platform from 2007 that had become obsolete.

I have the great pleasure of announcing the official launch of the new electronic clearinghouse: SYSTAC 2.

— Yvon SANA BANGUIGovernor Yvon SANA BANGUI announcing the operational launch of the new system.

Governor Yvon SANA BANGUI announced the launch, highlighting the four years of work by BEAC teams, banks, and microfinance institutions in collaboration with software provider ProgressSoft. The overhaul was necessary due to technological innovations, the increasing number of financial actors, and heightened security demands, including combating money laundering and terrorist financing.

Faced with technological innovations, the multiplication of actors and increased demands for security and the fight against money laundering and terrorist financing, a redesign was necessary.

— Yvon SANA BANGUIGovernor BANGUI explaining the reasons behind the system's overhaul.

SYSTAC 2 transitions from a fragmented architecture to a single, centralized clearinghouse for the CEMAC zone. This modernization is expected to facilitate quicker, more fluid, and secure transactions, benefiting cross-border banking groups, credit institutions, microfinance providers, payment service providers, and fintech companies. "The BEAC is facing the profound changes in our ecosystem with serenity and determination," stated Governor BANGUI. He emphasized the system's resilience during recent crises and the need to consolidate these gains.

The BEAC is facing the profound changes in our ecosystem with serenity and determination. We are supporting member states in achieving sustained growth, while working with you to ensure financial stability.

— Yvon SANA BANGUIGovernor BANGUI on the BEAC's role in regional financial development.

This upgrade is seen as a crucial step for BEAC in modernizing payments in Central Africa, potentially boosting financial inclusion and the region's competitiveness. The BEAC aims to support member states in achieving sustained growth while ensuring financial stability.

Recent crises have demonstrated the resilience and solidity of the CEMAC financial system in the face of exogenous shocks. We must consolidate these gains.

— Yvon SANA BANGUIGovernor BANGUI reflecting on the financial system's performance during crises.
DistantNews Editorial

Originally published by Journal du Cameroun in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog