Yaoundé - 28 September 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.


On September 26, electric utility ENEO resumed with energy rationing in the three northern regions of Cameroon, an official release informs. According to...
In the second quarter of 2021, the prices o energy products exported by CEMAC countries (oil and gas namely) rose by 12.2%. According to a report...
The World Bank-backed Livestock Development Project (Prodel) recently published its activity report covering the first nine months of 2021. From the...
Cameroon plans to issue XAF275 billion of public securities in the Bank of Central African States (BEAC) market in the fourth quarter of this year....

Mags frontpage

Business in Cameroon n103: September 2021

Cameroon: The other cocoa land

The rise of private equity

Investir au Cameroun n113: septembre 2021

Le Cameroun, l’autre pays du cacao

L’émergence du private equity camerounais