The Need to Adapt Regulations on the Use of Electronic Money: the Case of Mobile Money in the CEMAC

Désiré AVOM * Doyen, Faculté des sciences économiques et de gestion, Université de Yaoundé II-Soa ; directeur, Laboratoire de recherche en économie appliquée (LAREA). Contact : davom99@gmail.com.

Honoré BIDIASSE ** Directeur, Groupe de recherche en économie et gestion (GREG), Université de Douala ; chercheur associé, Laboratoire d'économie théorique appliquée (LETA). Contact : honobid72@gmail.com.

Grégory MVOGO *** Chargé de cours, École supérieure des sciences économiques et commerciales (ESSEC), Université de Douala ; chercheur, LAREA. Contact : mvogogregorypaulin@yahoo.fr.

The objective of this article is to suggest an evolution of the regulation on the use of mobile money in order to improve its efficiency in the CEMAC sub-region. We show that this efficiency is based on the need for coordination of actions, the establishment of trust, the management of payment means and security. The new regulatory framework must therefore gradually migrate from an institutional approach to a more functional approach. We recognize that the expected gains will ensure the stability, reliability and integrity of the payment system, while promoting financial inclusion of the poor.