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GIE MONETIQUE

The GIE Monétique is the economic interest grouping that regulates interbank card payments in Algeria, covering CIB and EDAHABIA cards, payment terminals and online payment. Created in June 2014, it brings together the Bank of Algeria and the country's banks, with SATIM acting as the technical operator of the interbank network.

Finance & Banking Businesses (B2B)Profile being confirmed

Customer problems it addresses

  1. 1

    Banks and merchants need common rules so that any CIB or EDAHABIA card works at any terminal or website.

  2. 2

    E-merchants want a predictable path to accept online card payment, with clear requirements.

  3. 3

    Low card usage keeps the economy cash-based, which costs banks and merchants in handling and fraud.

How it works

Banks and e-merchants rely on the interbank system for authorisation, clearing and e-payment, with SATIM handling the technical side.

Challenges for the company
  • Raising electronic payment adoption among consumers used to cash and cash on delivery.
  • Coordinating many member banks on standards and timelines.
  • Onboarding small e-merchants without a bank-heavy process.

Summary by TechEco DZ, not a statement by the company.

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