Cameroon Rolls Out Mobile Money Aggregation Platform For Financial Inclusion
On 26 November 2019, Minette Libom Li Likeng, Cameroon’s Minister of Posts and Telecommunications signed a decree clarifying the conditions and operating rules of Unstructured Supplementary Service Data (USSD) for general access to Cameroon’s national electronic communications’ aggregation platform.
This platform is aimed at ensuring fair interconnection conditions, decreasing the costs of mobile financial transactions and also promoting financial inclusion. It will also provide access to mobile financial services through a unique shortcode (#237#).
The Director of the Telecommunications Regulatory Agency (ART), Philemon Zo’ o Zame, invited Cameroon’s electronic communications services providers and network operators to interconnect to the new platform within 30 days for the provision of mobile financial services.
Since July 2017, Cameroon’s government had been working on the creation of a single USSD code for Mobile Money services.
From now on, the country’s operators would have to submit, for validation, tariffs for access to the single unique USSD code.
The change is expected to bring more transparency to the mobile financial services market.