Payment methods in Cameroon
MTN and Orange together processed CFA 135.84B in mobile money revenue in 2024, with MTN holding a 40.7% market share.
Market takeaways
- MTN and Orange together processed CFA 135.84B in mobile money revenue in 2024, with MTN holding a 40.7% market share.
- 38.84% of all mobile subscribers have an electronic mobile money account.
- Fintech services are expanding into digital lending, insurance, and investment platforms.
- Camtel (state telecom) announced plans to launch "Blue Money" in 2026, adding a third major competitor.
- Cash remains dominant in rural areas and the informal economy.
Population
~28M
Online population
~15M
Banked population
~35%
Mobile Money Penetration
~39% of adults
Credit card population
~3%
Payment method breakdown
- Cash50%
- Mobile Money35%
- Bank Transfer10%
- Card4%
- Other1%
Card scheme breakdown
- Visa50%
- Mastercard45%
- Local Schemes5%
- Other0%
Cross-border e-commerce
Market data coming soon.
Featured payment methods in Cameroon
Popular options based on coverage and prominence in this market.
Orange Money Cameroon
Orange Money is the co-dominant player with a 40.3% market share, generating CFA 65 billion in revenue in 2024. It provides similar services to MTN MoMo and is particularly strong with Orange telecom subscribers.
AfrikPay
AfrikPay is an independent digital payments fintech in Cameroon, holding an 8.5% market share. It aggregates multiple payment methods and provides merchant payment services, competing with the telco-dominated mobile money market.
CamPay
CamPay is a Cameroonian payment gateway enabling businesses to accept mobile money payments (MTN MoMo and Orange Money) online. It addresses a key gap in e-commerce, as fragmented payment acceptance has historically limited online businesses.
MTN Mobile Money (MoMo) Cameroon
MTN MoMo is Cameroon's market leader with a 40.7% share, generating CFA 70.2 billion in revenue in 2024. It offers P2P transfers, merchant payments, bill payments, airtime top-up, and international remittances via USSD and app-based access.
All payment methods in Cameroon
Discover 4 payment methods from around the world
Featured banks in Cameroon
Major institutions operating in this market.
Standard Bank South Africa
Johannesburg, South Africa
Standard Bank is Africa's largest bank by assets, offering retail, SME, corporate, investment, and private banking across 20 African countries.
Absa Group South Africa
Johannesburg, South Africa
Absa (formerly Barclays Africa) is South Africa's fourth-largest bank, offering retail, SME, corporate, and investment banking across Africa.
Attijariwafa Bank Morocco
Casablanca, Morocco
Attijariwafa Bank is Morocco's largest bank and one of Africa's top banking groups, with operations across Africa and Europe.
Access Bank Nigeria
Lagos, Nigeria
Access Bank is Nigeria's largest bank by customer base, following its merger with Diamond Bank, offering retail, SME, and corporate banking across Africa.
Other Banks — Cameroon
Yaoundé, Cameroon
Aggregate of remaining banks in Cameroon, collectively ~100.0% of domestic banking assets.
All banks in Cameroon
Showing 5 of 5 banks
