National and international experts have worked on the issue for two days in Douala.

Adopt laws and regulations instead of the sub-regional harmonization which is very vibrant in the CEMAC zone and does not always take into account the particularities of States.

This is one of the proposals discussed at the seminar on mobile banking in Cameroon, organized by the World Bank on 16 and 17 June 2015 in Douala. A meeting that brought together experts from the financial sector, banks and microfinance institutions, mobile operators, development partners and other stakeholders.

Present was the former governor of the Central Bank of Kenya, Njuguna Ndung'u who came to share the experience of his country.

Thanks to mobile banking, 75% of the population has access to financial services, against 20% for Cameroon. An example which was supported by the representative of the Minister of Finance, Victor Ndzana Ndouga: "Mobile financial services are the subject of special attention from governments around the world and particularly in Africa in some Asian countries, in that they are considered an accelerating potential through access to financial services for disadvantaged or excluded layers of the traditional financial system."

The Division Head of microfinance, Minfi, exhibited the national financial inclusion strategy developed in 2013. At the end of the seminar, he thanked all the participants for their proposals which will be forwarded to the hierarchy and may lead to a great brainstorming session on the regulatory, technical, socio-economic of financial inclusion in Cameroon.

Proposals including the introduction of incentives to encourage the actors involved in the implementation of mobile banking, achieving a good study of the financial risks once the offer will be adapted to demand, identification of specific risks and vulnerabilities of new payment methods, security of transactions, the establishment of a comprehensive financial education program at the location of the excluded layers of the financial system...

Another proposal was the reducing of the cost of bandwidth to develop the telecommunications sector. A sector where high prices were stressed, comparisons in support by Souleymane Coulibaly, representative of the World Bank: 67% of subscribers in Cameroon as against 75% regional average.

Average cost of minute call by cell phone, $ 0.36, or about FCFA 207, FCFA 57 against Ghana and Uganda FCAF150. Barely 0.2% of Cameroonian households have a broadband subscription, against a regional average of 4.2%. And the monthly fee subscription to broadband Internet is around FCFA 67 000, while in Kenya it is about FCAF 42 000.