Afriland First Bank and Visa have signed a three-year strategic deal to speed up digital payments and expand financial inclusion across Cameroon. This agreement is Visa’s first standalone partnership with a local Cameroonian bank.
The collaboration, called a “Growth Agreement,” aims to modernise payment systems, make banking more accessible, and reduce the country’s heavy reliance on cash transactions. Only about 20 per cent of Cameroonians currently use formal banking services, though the rate rises to around 45 per cent when mobile money and microfinance are included.
Read the full article here: https://www.businessincameroon.com/finance/1203-15882-afriland-first-bank-visa-sign-growth-agreement-to-expand-digital-payments-in-cameroon