https://en.sputniknews.africa/20241114/camtel-aims-to-launch-mobile-financial-services-in-cameroon-by-2025-1069235133.html
Camtel Aims to Launch Mobile Financial Services in Cameroon by 2025
Camtel Aims to Launch Mobile Financial Services in Cameroon by 2025
Sputnik Africa
The move comes as mobile operators across Africa are increasingly expanding into financial services, recognizing the large portion of the population without... 14.11.2024, Sputnik Africa
2024-11-14T17:32+0100
2024-11-14T17:32+0100
2024-11-14T17:38+0100
sub-saharan africa
economy
africa
cameroon
central africa
telecommunications
finance
https://cdn1.img.sputniknews.africa/img/07e8/0b/0e/1069234828_0:211:3000:1899_1920x0_80_0_0_140cabd96916a1f0a7400143a6ccfef9.jpg
State-owned operator Cameroon Telecommunications (Camtel) is preparing to challenge market leaders Orange and MTN by launching its own mobile financial services platform, Blue Money.The company plans to launch Blue Money sometime in 2025, following a feasibility study that is expected to be completed this year.He added, "This year we're finalizing that part, and next year is really the year where we're going to see an acceleration and deployment of Blue Money."Camtel's mobile financial services will be managed under its commercial unit, Blue.
https://en.sputniknews.africa/20241113/south-africa-eyes-smartphone-tax-cuts-ahead-of-2g3g-shutdown-1069204334.html
africa
cameroon
central africa
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2024
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Muhammad Nooh Osman
https://cdn1.img.sputniknews.africa/img/07e7/04/0a/1058467512_0:0:1280:1280_100x100_80_0_0_ec723833bcbfcaed2e21952965ad99e4.jpg
economy, africa, cameroon, central africa, telecommunications, finance
economy, africa, cameroon, central africa, telecommunications, finance
Camtel Aims to Launch Mobile Financial Services in Cameroon by 2025
17:32 14.11.2024 (Updated: 17:38 14.11.2024) Muhammad Nooh Osman
Writer/Editor
The move comes as mobile operators across Africa are increasingly expanding into financial services, recognizing the large portion of the population without access to traditional banking.
State-owned operator Cameroon Telecommunications (Camtel) is preparing to challenge market leaders Orange and
MTN by launching its own mobile financial services platform, Blue Money.
The company plans to launch Blue Money sometime in 2025, following a feasibility study that is expected to be completed this year.
"Blue Money will be launched very soon. We're finalizing studies around the regulatory environment and the market to be able to deploy," said Gilbert Ngono, Director of Cooperation at Camtel.
He added, "This year we're finalizing that part, and next year is really the year where we're going to see an acceleration and deployment of Blue Money."
Camtel's mobile financial services will be managed under its commercial unit, Blue.
