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Friday, 16 March 2018

Cameroon: Nexttel Mobile Money to be Launched soon (UBA/Nexttel)


Nexttel Cameroon's 3G image.
The Cameroon's third communication giant Nexttel is almost at completion to launch Nexttel Mobile money. The decision was made public on the 13th March 2018 by BEAC's governor Abbas M. Tolli authorising the United Bank For Africa to carry out mobile money services in Cameroon with Viettel brand Nextell in Cameroon.

 BEAC, the Bank for Central African States, controls the financial transactions and approval of Banking decisions finally urged UBA the go ahead to launch the services as it benefits those who do not belong to any financial institution in Cameroon. UBA Cameroon once applied for this offer back in March, 2017.

 The bank governor reiterated that UBA can still quit the decision. For the past years, MTN and Orange Cameroon have been dominating the mobile money market in the country while Nexttel was busy concentrated on its communication section only.

As a new or the youngest network in the country, they have gathered the time and energy to join the others in the mobile money services. Due to the flexibility of the service, there are more than 30,000 electronic money service points across the CEMAC zone with Cameroon having over 70% subscribers.

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