Telecom

Guinea: Arpt sets new measures to regulate e-payment sector

Guinea: Arpt sets new measures to regulate e-payment sector
Friday, 17 December 2021 17:11

The Telecom regulator in Guinea announced new measures to reorganize the e-payment sector. The decision follows the adoption last December 9 of a new law on e-transaction in the country.

Arpt established several specifications to prevent abuse and defined a guideline for the sector’s players. They include providers of mobile money solutions, mobile banking, electronic payments, electronic cards, e-commerce, and online banking transactions. The regulator also planned fees to be collected by the State.

During a press conference last December 6, Yacouba Cissé (pictured), MD of Arpt, explained that the new regulatory measures being developed will allow the State to ensure better regulation of the electronic payment activity, "particularly on aspects related to the protection of personal data of users, network security, certification of information systems of operators and certification of electronic payments.”

Let’s recall that the Guinean government adopted last December 9 a Decree D/2021/0196/PRG/CNRD/SGG on the regulation of electronic transactions in the Republic of Guinea. In its Article 5, the decree stresses that Arpt has administrative police powers and the authority to carry out a regular and complete audit or to certify networks and information systems of legal persons, public or private law established and operating in electronic transactions in the Republic of Guinea.

Karamo Kaba, the director of regulation and electronic transaction of the Arpt, reassured during the Dec 6 press conference that the new measures are part of "a mission of supervision and not sanctions.”

Muriel Edjo

On the same topic
Niger Télécoms seeks government support to regain declining market share Operator holds 5.24% mobile market amid Airtel, Moov dominance Government...
MIGA issues $7.96 million guarantee for Mozambique solar project Guarantee covers PPA breach-of-contract risk with utility EDM Plant supplies...
MTN, Huawei expand partnership to modernize telecom networks Deal targets AI-driven operations, autonomous networks, broadband expansion MTN reports...
Algeria plans AI models tailored to local languages, data, economic needs Government to mobilize universities, research centers, start-ups for...
Most Read
01

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
02

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
03

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
04

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
05

Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...

Nigeria Rolls Out 1% Tax on Informal Businesses Under New Fiscal Framework
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.