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Cameroon’s payment landscape is changing, with significant reliance on cash persisting, especially in rural areas and informal markets. Credit and debit card usage is increasing, particularly in urban centers and larger businesses. Mobile money services are experiencing rapid expansion, driven by a growing number of mobile phone users and playing a critical role in enhancing financial inclusion. Online banking and electronic transfers are also developing but face challenges in reaching wider segments of the population.

Population

Estimated Population

2.3 million

Currency

Currency

Central African CFA franc (XAF)



Popular payment methods