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According to Afriland First Bank, a number of the automated cash deposit terminals have already been installed at some of their bank’s branches in Cameroon, and the feedback from users has largely been positive.
Cameroon has rolled out a computerized system called the National Banking File System which is intended to enhance transparency in banking transactions in the country, as well as easy access to information and offers of these outfits to their clients.
A new system for the processing of financial transactions between customers and the Bank of Central African States, BEAC, will be rolled out from 1 September 2020.
Mastercard's new solution will allow small businesses to accept touchless payments on their smartphones at no additional hardware costs. It also comes with a plug-&-play e-commerce store builder.
Cameroon is planning to begin accepting the payment of customs duties and other related taxes via mobile money services.
Finalists of the Ecobank 2020 Fintech Challenge will compete for the top crown on 21 August 2020 and be inducted into the Ecobank Fintech Fellowship to pursue commercial partnerships in Ecobank’s 33 markets across Africa.