logoBC
Yaoundé - 26 April 2024 -
ICT

Cameroon: Local startup Adwa introduces AdwaPay which agregates almost all digital payment solutions

Cameroon: Local startup Adwa introduces AdwaPay which agregates almost all digital payment solutions
  • Comments   -   Tuesday, 30 July 2019 16:12

(Business in Cameroon) - Thanks to its startups, recently, Cameroon got many digital payment apps and platforms. However, most of them were just connected to only two or three payment solutions.

This is not the case for AdwaPay developed months ago by local fintech Adwa. This mobile app aggregates most of the digital payment solutions available in Cameroon namely, MTN Mobile Money, Orange Money, Express Union Mobile, bank cards and even PayPal.

With the app, users can make various transactions like pay for various invoices and book services.

According to Adwa, which has developed numerous apps to facilitate people’s life, AdwaPay guarantees transactions’ security since the startup subscribes to Digicert’s yearly cyber insurance package. This package offers $1.5 million in compensation for every single transaction.  

Brice R. Mbodiam

mobile-money-usage-surges-in-cameroon-outpacing-traditional-banking
The use of mobile money services has "particularly increased" in Cameroon, rising from 29.9% in 2017 to 42.7% in 2022 for the population aged 15 years or...
afdb-reports-cfa3tn-in-financing-for-cameroon-over-60-years
The African Development Bank has approved CFA10,950 billion in financing for countries in Central Africa over the past 60 years since its inception in...
cameroon-spends-nearly-cfa71bn-on-public-debt-interest-in-q1-2024
In the first quarter of 2024, the Cameroonian central administration made debt repayments totaling CFA312.4 billion, excluding outstanding payments....
cameroon-s-domestic-debt-rose-by-cfa169bn-in-q1-2024-driven-by-public-securities
Cameroon's domestic debt, excluding payables over three months, has increased by CFA169 billion between March 2023 and March 2024. According to the latest...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »