(Business in Cameroon) – Côte d’Ivoire-based Opérateur Monétique Afrique (OMOA), a firm specialized in secure payment services and transaction processing, aims to achieve at least 15% annual growth in Cameroon. The goal is driven by the rollout of smart ATMs and digital innovations, according to Ibrahim Dosso, the company’s Director of Strategy and Commercial Affairs, speaking at a press conference held in Douala on July 17, 2025.
“Cameroon has always been a strategic hub for us in Central Africa. After relocating our tech operations to Lomé in 2021 for certification reasons, we are back to present innovations already in use in North Africa, South Africa, and Europe,” said Dosso.
Among the featured innovations are smart ATMs offering both standard services like cash deposits and withdrawals and advanced functions such as biometric authentication and digital service software. OMOA sees the digitalization of payment services as a key growth driver for the Cameroonian market.
Operating in Cameroon for around 30 years, OMOA claims 700 ATMs locally—about 70% market share—and 450,000 personalized cards and pin mailers. The company processes 1.8 million transactions annually in the country. To strengthen its leadership, OMOA is rolling out new services for banks and microfinance institutions, including processing solutions, digital tools, and access to an international platform. The strategy aims to tap into local talent and position Cameroon as a fintech hub for the Central African Economic and Monetary Community (CEMAC).
“We are bringing all the expertise gained in Lomé into a new platform in Douala to better serve Central African clients,” said Dosso. He added that the goal is also to incorporate innovations from young Cameroonians to boost their services. The broader aim is to support long-term banking operations, increase revenues, and accelerate financial inclusion.
Beyond commercial expansion, OMOA is also responding to a regulatory shift. Since January 2024, the Bank of Central African States (BEAC) has required that all transaction processing be handled within the CEMAC zone (Cameroon, Gabon, Chad, Equatorial Guinea, Central African Republic). However, many banks continue to process data outside the region with international firms.
“We are setting up here to provide these banks with a compliant alternative as this regulation takes effect on January 1, 2026,” Dosso stated.
