LONDON and YAOUNDÉ, Cameroon, August 11, 2021 / PRNewswire / – VYZYO, a growing mobile financial services technology company, and CAMPING, the national provider of postal and financial services in Cameroon, jointly announced today that the two companies have signed a business partnership agreement for deploy and operate digital payment services and mobile financial services anywhere Cameroon.
VYZYO will initially deploy its VYZYOPay™ solution for CAMPOST. VYZYOPay is an advanced mobile financial services technology platform that will enable CAMPOST to securely deploy and manage digital payments for government services, international money transfers and remittances as well as mobile financial services for micro-credit and micro-savings.
As part of the partnership between the two companies, VYZYO will also provide CAMPOST with strategic advice to increase awareness, education and, most importantly, adoption of these services, especially among large segments of the under-banked population and unbanked in Cameroon.
CAMPOST also plans to enable digital payments and mobile financial services for higher education, social benefits and microinsurance.
“Our partnership with VYZYO and the new digital and mobile financial payment services that we are launching together will strengthen our competitive positioning and create important new sources of revenue for CAMPOST,” said Pierre Kaldadak, CEO of CAMPOST. “Most importantly and based on a strategic vision that we share with VYZYO, our new digital services have the potential to improve the lives of our customers in Cameroon and provide new access to essential services that were previously inaccessible to many segments of our society. “
CAMPOST’s new services are intended to be both financially and socially inclusive and will be available to the entire population of the country, including those with limited or no access to banking services, health care and infrastructure. Communication.
“We are convinced that these new CAMPOST services will change the lives of all Cameroonians for the better and promote social inclusion with the aim of democratizing access to basic social services and improving opportunities, well-being and the dignity of individuals and groups in all the towns and villages of our country ”, declared Jéhu Ndoumi, general manager of the local branch of VYZYO YUNUS Cameroon. “At the same time, these new mobile digital and financial payment services will give all CAMPOST customers the ability to access innovative new transaction possibilities from the convenience of their mobile devices that were previously only offered by retailers. banks and insurance companies and were only accessible by privileged segments of society.
VYZYO will also deploy its intelligent point of sale (PoS) terminals in CAMPOST branches and other strategic locations around Cameroon. These point-of-sale terminals will be securely integrated with the VYZYOPay platform and will include a contactless NFC module, an intuitive touchscreen and a camera as well as all the necessary local, regional and international certifications of Visa, Mastercard, Union Pay and other popular payment methods. These PoS terminals will allow CAMPOST customers to make payments with traditional debit and credit cards as well as contactless mobile payments with QR Code and NFC.
“These new services and the supporting local ecosystem we are building are strategically reshaping the landscape of digital payments and mobile financial services in Cameroon. With this, we are laying the groundwork for what we believe every citizen of the world should have access to on a basic level, ”explained VJ Odedra, Founder and CEO of VYZYO Group. “We are delighted with the growing demand we are seeing from leading organizations and institutions like CAMPOST and will be announcing new similar deployments of our VYZYOPay and other platforms in the very near future, which include solutions for telecommunications, messaging, VAS and fintech services. “
About VYZYO
VYZYO is a rapidly growing provider of platforms and technologies to enable and operate mobile financial services and digital payments. The company is headquartered in London, United Kingdom, has subsidiaries in France, Tunisia, Ghana, Cameroon, Nigeria, Ivory Coast, Thailand and India, and works closely with local partners throughout Africa and Asia. VYZYO currently has multiple telecommunications licenses and has access to payment and mobile money provider licenses worldwide. For more information, please visit www.vyzyo.com.
About CAMPOST
CAMPOST is the national provider of postal and financial services in Cameroon. In addition to providing traditional postal services, CAMPOST also provides digital banking, insurance and business services, including logistics for e-commerce. To learn more about CAMPOST, please visit www.campost.cm.
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SOURCE VYZYO
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