Payments/CM
Cameroon
ISO CM · 3 schemes
Summary
- MTN MoMo dominant (10M+ accounts, 185K access points)
- MoMo Pay QR merchant payment system
- Orange Money second major operator
- Mowali cross-platform interoperability
- GSMA certified only in CEMAC zone
Banking landscape
Central Bank
- Name: BEAC (Bank of Central African States)
- Website: https://www.beac.int/
- Role: Regional monetary policy (CEMAC zone)
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Afriland First Bank | Local | First Mobile |
| 2 | Société Générale Cameroun | International | SG Mobile |
| 3 | Ecobank Cameroon | Pan-African | Ecobank Mobile |
| 4 | UBA Cameroon | Pan-African | UBA App |
| 5 | BICEC | International | BICEC App |
Market Structure
- MTN MoMo: Market leader
- Orange Money: Major competitor
- CEMAC zone: Shared CFA franc
- Mobile money: Primary payment channel
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| MTN MoMo | MTN Cameroon | Mobile money | Dominant |
| Orange Money | Orange | Mobile money | Active |
| Mowali | MTN/Orange | Interoperability | Active |
MTN MoMo Statistics
- 10+ million mobile money accounts
- 60,000+ active top-up points
- 125,000+ active merchants
- 185,000+ total access points
- All 10 regions coverage
GSMA Certification
- First and only in CEMAC zone
- Mobile money certification
- Security standards compliant
- Industry recognition
QR code standards
MoMo Pay QR
| Attribute | Value |
|---|---|
| Operator | MTN Cameroon |
| Type | Merchant QR |
| Apps | MoMo / MoMo Merchant |
| Feature | Scan to pay |
MoMo Pay Features
- Payment by QR code at merchants
- Exceptional customer experience
- MoMo app for customers
- MoMo Merchant app for sellers
- Available on Playstore/Appstore
MoMo App Capabilities
- Scan and pay with QR codes
- Virtual card for online shopping
- Loans and advances
- Bill payments
- P2P transfers
Rebate Promotion
- MoMo Pay rebate campaigns
- Incentivize QR adoption
- Merchant ecosystem growth
- Customer rewards
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| MoMo | MTN | Yes | Consumer wallet |
| MoMo Merchant | MTN | Yes | Business payments |
| Orange Money | Orange | Limited | Mobile money |
| MoPay | Third-party | Both | Multi-network |
MoMo Consumer App
- QR code payments
- Virtual card
- Loans and advances
- Bill payments
- Available in Cameroon, Ghana, others
MoMo Merchant App
- QR code acceptance
- Payment collection
- Transaction history
- Business tools
MoPay (Third-party)
- Works with MTN and Orange
- Send and receive money
- Payments and purchases
- Airtime purchase
- Cross-network compatibility
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| MoMo Pay QR | Mobile QR | MTN | 125K+ merchants | momo-pay-qr |
| Mowali | Interop | MTN/Orange | Active | — |
| Mastercard | Partnership | Global | 2024 | — |
Sources
- MTN MoMo - QR Code
- MTN Cameroon - MoMo Bills
- MTN Cameroon - MoMo Account
- Africa Business - MoMo Pay Promo
- Business in Cameroon - MTN Orange JV
- Connecting Africa - Orange Mastercard
- OpenHub - MoPay
- MoMo App - Google Play
Full country report
Schemes
Standards
Primary · 1