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Fintech & Legal Framework in the CEMAC Zone and Cameroon

BEJUKA,BEJUKA & Partners LawOffice > Politique de confidentialité > Insight > Weekly Legal Information > Fintech & Legal Framework in the CEMAC Zone and Cameroon
Fintech, short for Financial Technology, refers to innovative technologies designed to improve financial services. This includes mobile banking apps, peer-to-peer lending, digital payments, robo-advisors, cryptocurrencies, and blockchain applications.
In the CEMAC region, Fintech companies must comply with a specific regulatory framework, including:
📌 Regulation No. 04/18/CEMAC/UMAC/COBAC
This regulation on payment services has been in effect since January 1, 2019. It requires all Fintech operators to register and obtain a license before providing payment-related services in the region.
📌 Decision No. 00000337/MINFI dated February 28, 2024 (Cameroon)
This national decision sets out the authorization conditions for electronic payment services in Cameroon. It aims to fill the gaps in the existing CEMAC regulatory framework.
➡️ These legal instruments bring greater structure and clarity to the Fintech sector, boosting transparency and trust in digital financial services.