VYZYO partnered with CAMPOST to operate digital payment in Cameroon

By Joy Dumasia

VYZYO, a mobile financial services technology company, and CAMPOST, the national postal and financial services provider in Cameroon, jointly announced that the two companies had signed a commercial partnership agreement to deploy and operate digital payment and mobile financial services throughout Cameroon.

VYZYO will initially deploy its VYZYOPay solution for CAMPOST. VYZYOPay is a mobile financial services technology platform that will enable CAMPOST to securely rollout and manage digital payments for government services, money transfers and international remittances, and mobile financial services for micro-credit and micro-savings.

VYZYO will also provide CAMPOST with strategic consultancy to increase the awareness, education and, most importantly, the adoption of these services, especially among the large underbanked and unbanked segments of the population in Cameroon.

VYZYO will also deploy its smart point-of-sale (PoS) terminals at CAMPOST branches and other strategic locations around Cameroon. These POS terminals will be securely integrated with the VYZYOPay platform and include a contactless NFC module, intuitive touchscreen and camera, and all the necessary local, regional and international certifications from Visa, Mastercard, and Union Pay and other popular payment methods.

VJ Odedra, Founder and Group CEO of VYZYO, said: “These new services and the supporting local ecosystem we are building are strategically reshaping the landscape for digital payments and mobile financial services in Cameroon. With this, we are laying the foundation for what we believe every citizen worldwide should have access to at a basic level. We are delighted with the growing demand we are experiencing from prominent organizations and institutions like CAMPOST and will be announcing similar new deployments of our VYZYOPay and other platforms, which include solutions for telecoms, messaging, VAS and fintech services, in the very near future.”

CAMPOST’s new services are intended to be both financially and socially inclusive. They will be available to the country’s entire population, including those with limited or no access to banking services, health care, and communications infrastructure.