MTN Cameroun: Mobile Money Charges in 2023
MTN Cameroun provides voice, data, and mobile money services. Also, the company provides businesses with solutions like cloud, IoT, internet, VPN, bulk SMS, and professional emails.
In 2017, MTN Cameroun’s growth was affected by the conflict in the Northwest/Southwest regions of the country. However, in 2018, the company resumed positive growth. The growth trend continued into 2019 where the company recorded an increase in data and fintech subscribers.
The telecom company had a market share of 47.20 percent in Cameroun by the end of 2018.
MTN Mobile Money Cameroun
MTN launched mobile money in Cameroun in 2010. The service enables Cameroonians to send and receive money, pay for goods and services, pay their bills, buy MTN products, and purchase airtime.
To start using MTN mobile money (MoMo), you need to have an MTN SIM card and to create an account. You can create an account through the MTN agencies or a MoMo salespoint. To register a MoMo account, you need a valid National ID, a valid ID receipt, a passport, a residence permit, or a refugee card.
Alternatively, you can dial *126# to create an account. Next, choose a five-digit PIN, and MTN will activate your MoMo account. To use this service, dial *126# and choose an option from the menu. If you fail to transact with your mobile money account for five years, MTN will render it inactive.
In the tables below, you will find the charges for using MTN mobile money in Cameroun.
Money transfer to an MTN MoMo customer
Money transfer to a non-MTN MoMo customer
Through MoMo, Cameroonians can send money to Congo Brazzaville, Chad, and Gabon. Here are the charges for making international money transfers:
|Amount in FCFA||Fees|
Tuition fee payments
Parents with children in public high schools can use MTN MoMo to pay school and examination fees. The rates for such transactions are shown below.
|Tuition||7 500 for the first cycle||200|
|10 000 for the second cycle||200|
|10 001-30 000||300|
|30 001-50 000||500|
Mobile money transactions are capped as per the regulations in Cameroun. For instance, the limit per transaction for cash-ins is 500,000, while the daily limit is 2,000,000. The maximum amount that you can transfer from a bank account per transaction is 500,000, while the limit per day is 5,000,000.
The limit per transaction for cash-outs is 500,000, and the cash-out daily limit is 750,000. The limit per transaction for P2P transfers is 1,000,000, and the daily limit is 1,500,000. When it comes to payments, MTN limits you at 1,000,000 per transaction, and a daily limit of 1,500,000.
The limits for all transactions are 3,000,000 per day, 5,000,000 per week, and 10,000,000 per month. The maximum balance that you can hold in your mobile money account is 5,000,000.