Yaoundé - 21 June 2021 -

Nexttel to launch its mobile money service by late 2021

Nexttel to launch its mobile money service by late 2021
  • Comments   -   Thursday, 03 June 2021 14:06

(Business in Cameroon) - The launch of Nexttel’s mobile money service is one of the key priorities of new CEO Benoît Yaoussou’s tenure. Speaking to state-owned media Cameroon Tribune, the executive explained that by the end of 2021, Viettel Cameroon, operating under the brand name Nexttel, will launch its mobile money services.

Baptized “ Nexttel Possa”, which means “Nexttel wallet”, the service will be launched in partnership with UBA Cameroon in compliance with CEMAC regulations. Their partnership for that purpose was authorized by the central bank of the CEMAC region, BEAC, on March 12, 2018.

At the time, BEAC allowed Nexttel and UBA six months to launch the mobile money service. However, the project was not implemented till now because of power struggles between Nexttel’s shareholders. This service will boost competition in the local electronic money market where only MTN and Orange Cameroon are currently operating.


As of December 31, 2020, the National Social Insurance Fund CNPS had XAF325 billion of cash in its treasury. This was revealed by Alain Olivier Noël...
British oil firm Victoria Oil & Gas (VOG), the parent company of Gaz du Cameroun (GDC), announces that it recently raised $7.5 million...
On June 11, 2021, Minister of Public Services (MINFOPRA) Joseph Lé (photo), signed 28 decisions launching the recruitment of new staff into the civil...
In Cameroon, the Telecommunications Regulatory Board (ART) informs that it is currently elaborating a new regulatory model to become a robust, innovative,...

Mags frontpage

Business in Cameroon n100: May 2021

These Cameroonian startups raise billions

Agro-industry and land rights

Investir au Cameroun n110: Mai 2021

Ces start-ups camerounaises qui lèvent des milliards

Agro-industrie et droits fonciers