The Banking Executive Magazine - August Issue 2022

CAC International Bank tomers during the global pandemic, and has revolutionize the payment system for goods and services in Dji- bouti. The service allows users to pay sim- ply by scanning a QR code; the amount is then instantly debited from the user’s account without any addi- tional charges and credited into the merchant’s account. This method of payment is a modern and efficient way of conducting business for all our clients. Additionally, the bank developed a CACPAY BANKI app specifically de- signed for merchants that are receiv- ing the transactions, split into two access levels within one application, the Cashier and the Merchant. The difference between these two, is the fact that the Cashier’s interface allows the user to view all the trans- actions executed on the day. On the other hand, the Merchant’s interface allows the user to have an overview of all the cashiers’ transactions, with the ability to activate and deactivate any cashiers, while also viewing the daily dashboard, all within the same app. COMMODITY FINANCING With Djibouti being a strategic hub in the East African Zone, the Bank has planted a Free Zone branch lo- cated at the heart of the Djibouti Free Zone, facilitating an easy and reli- able way for businesses to fulfil all their banking needs within the Free Zone. Opening a Free Zone bank ac- count is an integral step for busi- nesses interested in international trade. Trade & Commodity finance opera- tions are a global activity that remain the primary purpose of the CAC In- ternational Bank free zone branch. They complement and support global end-to-end commodity flows to offer new opportunities for busi- nesses around the world and supply a wide range of world-class financial services, trading resources and in- vestment platforms. They also guar- antee an easy access to a variety of facilities and the requisite support for customers’ needs. CORPORATE SOCIAL RESPONSIBILITY CAC International Bank’s corporate social responsibility forms an integral part of their identity. The yearly goals set have continued to show their re- sponsibility towards the Djiboutian population. The bank is invested in the communities and makes it their responsibility to help the less fortu- nate by meeting communities in the countryside regions and supporting them through the distribution of ne- cessities. Sponsoring different causes is what allowed the bank to touch the lives of people in the rural areas of the country, specifically orphaned kids and students. Additionally, the bank is engaged to facilitating medical tourism for those needing access to the health care system, sponsoring sporting events, drawing and painting competitions for the Rotary Club of Djibouti as well as the Lions Club of Djibouti. CAC International Bank have set it- the BANKING EXECUTIVE 32 ISSUE 164 AUGUST 2022