The digital payment switch was developed by the government, thanks to the technical expertise of the Nigerian firm eTranzact. It demonstrates authorities’ ambition to boost financial inclusion. 

Cameroon’s Minister of Telecommunications, Minette Libom Li Likeng, officially launched the National Digital Payment Switch Infrastructure (NPSI) in Yaoundé, yesterday (July 5). The payment switch, accessible via the USSD Code #237#, is a government initiative to ensure the traceability of electronic payment flows, therefore facilitating the fight against money laundering and terrorism financing and promoting the digital economy. It is hosted at the Cameroon Postal Services (Campost) thanks to the technical expertise of the Nigerian firm eTranzact. 

According to Campost MD Pierre Kaldadak, the NPSI will promote equal access to interconnection, reduce the cost of value-added services and help trace all the bank and non-bank transactions. He also informed that the telecom operators that are active in the country and about forty firms have already joined the payment switch. Meanwhile, a significant number of firms are still awaiting connections. 

The NPSI, whose development was launched in 2018, was inaugurated on June 30, 2020. For Minette Libom Li Likeng, it will help reduce cash dependence, boost financial inclusion, and stimulate innovation with the development of public and private-sector applications and startup promotion. The digital infrastructure is "a key [...] tool for digital systems and payments in Cameroon,” she added. 

Samira Njoya