Covid-19: MTN Cameroon Promotes Cashless Payments, Suspends Transaction Charges

BUEA, Cameroon- In line with the fight against the new COVID-19, MTN Cameroon has announced the temporal suspension of the payment of fees on money transfers between MTN Mobile Money, MoMo, accounts.

The suspension went operational on Friday, March 20.

Amid the global spread of the coronavirus, MTN Cameroon suspended the payment of charges for transfers that amount up to FCFA 20,000. The move is limited to three transactions per day and per account. This measure, aimed at reducing the financial burden on MTN subscribers, and limiting the spread of the virus through banknotes and coins during the fight against the coronavirus, will last for 30 days, renewable.

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“MTN Cameroon, by suspending the payment of money transfer fees between Mobile Money accounts, seeks to contribute to the fight against this coronavirus by reducing the use of cash as much as possible, and favouring distance payments,” the organisation stated.

MTN Cameroon also stated: “Mobile Money is a key element in the response to the COVID-19 pandemic. It is a payment method that does not require the use of cash, a possible vector for spreading the virus. The use of Mobile Money may, therefore, contribute to limiting the spread of COVID-19.”

According to MTN Cameroon, this strategy goes a long way to facilitate distance payments, and will thus enable consumers to overcome the constraints imposed by the measure limiting travel, as well as the movement of people all in a bid to limit the proliferation of the pandemic. MTN holds that the measure will help companies and individuals to carry out transactions even while isolated and confined.

By Annie Babelle Odounlami, Originally Published by The Post Newspaper, Cameroon.

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