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Cameroon: MTN unveils the first airtime Electronic Payment Terminal

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MTN

Multinational mobile telecommunications company, MTN, has partnered with Easy pay and has introduced a new airtime distribution system using Electronic Payment Terminals (EPT) in Cameroon. Easy pay is known for payment solutions

The electronic device will make sure that airtime will be available 24 hours a day at most frequented areas like airports, hotels, night clubs, hospitals, restaurants, service centres and pharmacies.

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The telecommunication company stated that there will be two ways in which the payment node is availed, the first one looks like a cash distribution machine and the other is a smaller version of the first.

The terminals or kiosk will accept 1000, 2000, 5000, and 10,000Fcfa bank notes, and the buyer will collect an airtime purchase approval receipt directly after each operation.

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The EPT technology is created on the similar model used by financial institutions like banks for their electronic payments. The transactions have become more secure and authentic

Mobile Money cash in and cash out transactions can also be done through the Electronic Payment Terminals.

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Caroline Vutagwa
Caroline Vutagwahttps://my.techmoran.com
Minding my own business is not enough for me that's why you will always find me minding Africa's Businesses as well as Technology and of course letting you know about it. Talk to me on [email protected]

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