Cameroon holds the most developed financial sector within the CEMAC region, with its banking system hosting the majority of the region’s accounts. The country’s financial services landscape has been shaped by mobile money platforms such as MTN MoMo and Orange Money, which dominate the digital payments market. These platforms have significantly enhanced financial access, especially in rural areas, and offer a solid foundation for future open banking initiatives.

While open banking frameworks have not yet been established, Cameroon’s robust telecom infrastructure and adoption of mobile money services make it well-positioned for eventual adoption. The Bank of Central African States (BEAC) continues to prioritize digital financial inclusion, focusing on interoperability and regional stability, which could benefit Cameroon’s growing fintech ecosystem.