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Mobile money in Cameroon: increase in taxation on withdrawal and money transfer transactions

08/01/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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A t é operator é Mobileé telephony tr style="font-family: "Bookman Old Style”, serif">è s pr OM transfers sent sur le segment du mobile money annoncé à ses clients le 1 er janvier 2025 que les tarifs and withdrawals will increase by 4 FCFA per transaction as of 1 July janvier 2025, following the 2025 finance law

.

Withdrawals and money transfers via mobile phones have been costing users more since January 1 Bookman Old Style”, serif"> January 2025, according to the terms of the 2025 finance law of the State of Cameroon. The circular of the Minister of Finance, Louis Paul Motazé, relating to the execution of the 2025 Finance Law mentions that “with regard to the mobile money service, “the institution of a specific fee per transaction of 4 FCFA, in addition to the existing proportional rate. This right also applies to transactions carried out by banks, credit and microfinance institutions, which have hitherto been exempt from the

proportional rate.”

The revaluation of mobile money taxation in Cameroon since the beginning of 2025 confirms the perception of a fiscal niche that the public authorities now have of this activity, which has been expanding continuously in the country for years.

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