logoBC
Yaoundé - 05 July 2020 -
Economy

Cameroon: Camair Co’s clients can now buy flight tickets via mobile money

Cameroon: Camair Co’s clients can now buy flight tickets via mobile money
  • Comments   -   Thursday, 18 July 2019 15:14

(Business in Cameroon) - Clients of state-owned carrier Camair Co can now buy their flight tickets using Orange and MTN Cameroon’s mobile money services, an official release published by the carrier informs.  

Clients can thus buy their tickets every day, on weekends, and national holidays included, using their cellphones. Camair Co thus joins some of the VIP bus service providers that have been using such payment tool for years.

Since its launch in 2006, mobile money services have experienced heightened growth. To date, the two main mobile operators in the country have a subscriber base estimated at 9.5 million clients, 5 million for MTN Cameroon, using mobile money services.

The growth of mobile money service is to such an extent that financial intermediation officially represents 33% of an operator such as Orange’s impact on Cameroon’s economy. This growth should continue with the future implementation of payment services’ interoperability within CEMAC.

Orange and MTN Cameroon recently developed a platform, Mowali, that will handle transactions between their subscribers.  

New mobile money operators have also been announced in Cameroon. For instance, Nextell, third operator in Cameroon, will launch Nextell Possa. In addition, Société Générale Cameroon recently launched its YUP offer for the country.  

BRM 

south-african-stephen-blewett-appointed-the-new-ceo-of-mtn-cameroon
“I'm very excited to join the dynamic and focused MTN team in Cameroon! Thanks for the warm welcome and kind messages of support.” This is the message...
cbc-plans-to-increase-social-capital-to-cfaf16-5-bln-after-cfaf2-5-billion-positive-result-in-2019
Commercial Bank-Cameroon (CBC) informs that it achieved a positive result of CFAF 2.5 billion as of December 31, 2019. This represents an increase of CFAF...
energy-minee-announces-works-to-boost-the-production-of-memve-ele-hydroelectric-power-station-211-mw
From July 4 to 6, 2020, the turbines at the Memvé'élé hydroelectric power station, which currently only delivers about 80 MW out of an installed capacity...
afriland-first-bank-obtains-financial-market-supervisor-cosumaf-s-authorization-for-its-brokerage-firm-afriland-bourse-investment
On July 2, Cameroonian bank Afriland First Bank informed that the Central African Financial Market Supervisory Commission (Cosumaf) approved its...

Mags frontpage


Business in Cameroon n88: June 2020

Covid 19 Its impacts so far


Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»


Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts


Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »