Economy· August 17, 2026 at 10:26 a.m.
BEAC and ProgressSoft Introduce SYSTAC 2 to Modernize Central African Payments
Key takeaways
- BEAC and ProgressSoft launch SYSTAC 2 to modernize payments in Central Africa
- Real-time interbank transfers and unified platform promised with SYSTAC 2
- SYSTAC 2 expected to boost trade within CEMAC and promote financial inclusion
The Central African monetary union's central bank, BEAC, in collaboration with ProgressSoft, has launched SYSTAC 2, a modernized payment system aimed at streamlining transactions across Central Africa. The new system is expected to enhance efficiency and security in cross-border payments within the region.