RegionsAfricaEMP Wins e-Payments Contract in Cameroon

EMP Wins e-Payments Contract in Cameroon

Emerging Markets Payments (EMP), an electronic payments (e-payments) card processing provider in the Middle East and Africa, has won a tender to roll out e-payments processing for taxes and customs fees at the Port of Douala in Cameroon

EMP, which is majority owned by emerging markets private equity company Actis, has committed to pilot the service from next month with the full launch scheduled for autumn.

The scheme, which aims to eliminate cash and reduce fraud, is EMP’s first for both a government and a port in Cameroon. Port Douala is the country’s principal port and also serves neighbouring land-locked countries such as Chad and Central African Republic. Cameroon’s economy is growing and has a healthy pipeline of infrastructure projects that is attracting foreign investment to Doula.

EMP is undertaking the venture after winning a tender organised by the World Bank in collaboration with ‘Guichet Unique’ – an online one-stop-shop that enables importers and exporters to fulfill external payment requirements. Processed by EMP, the cashless system will permit users to make faster transactions by paying customs fees and taxes using an electronic payment card. All fees will be payable using point-of-sale terminals (POS) or a dedicated web site managed by EMP.

“EMP is very focused on e-government opportunities across the African continent and the Middle East,” said Paul Edwards, EMP’s chairman.

“The ePayment project for the Port of Douala in Cameroon is a good example of how a combination of world class technology and expertise can support governments’ drive to move to a more efficient, cashless society. We look forward to the possibility of expanding this unique service to other ports across the continent.”

Related Articles

Fintech disruption sees digitisation take centre stage in African banking strategy

Africa Fintech disruption sees digitisation take centre stage in African banking strategy

10m GTNews
South Africa’s economic recovery ‘could be a long haul’

Africa South Africa’s economic recovery ‘could be a long haul’

11m Graham Buck
Nigerian Stock Exchange adopts Nasdaq technology

Africa Nigerian Stock Exchange adopts Nasdaq technology

1y GTNews
Emerging markets: positives and pitfalls

Africa Emerging markets: positives and pitfalls

1y Graham Buck
The African currency rollercoaster ride

Africa The African currency rollercoaster ride

1y Theresa Henshaw
Leadership changes pose geopolitical risk, says Marsh

Africa Leadership changes pose geopolitical risk, says Marsh

1y Graham Buck
Survey finds leadership failings on business ethics

Africa Survey finds leadership failings on business ethics

1y Graham Buck
S&P downgrades South Africa’s credit rating to junk status

Africa S&P downgrades South Africa’s credit rating to junk status

1y Graham Buck