MTN Cameroon launches mobile money service

Cameroon mobile operator MTN has launched a mobile money service in partnership with local bank Afriland First Bank. The service enables users to make P2P money transfers and buy airtime. MTN plans to extend the service to pay bills and for goods and services in the future. According to Afriland the banking penetration rate in Cameroon is less than 10 per cent.

One comment

  1. Avatar Victor Samkoh 26/04/2012 @ 4:27 am

    This is a welcome revolution in our market place. the services are quite straight forward but we will need to deqal with the rather slow propensity of cameroonians to accept innovations as this, and count on the high propensity to unse the service once accepted. This will really make life easy everywhere you go.

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