(Ecofin Agency) - 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.”