Cellphone users across Cameroon, received messages from the country’s mobile money operators on January 1, 2022, notifying clients that henceforth, a 0.2% charge will be deducted for each transaction carried out, in application of a new finance law.
The move which the population had earlier been informed about, has been received with a lot of criticism, given that the procedure of implementation was not yet clear to many.
“Dear valued client, in application of the Finance Law starting 01 January 2022, 0.2% tax is applied to transfers and withdrawals” a message from MTN as sent to clients, read.
A lot of people have faced difficulties in interpreting the message well. Some are yet to believe that transfers will be taxed as well, while others consider the accumulated charges to be too exorbitant.
This move is similar to the phone tax that was announced last year, but which immediately received vehement condemnation, consequently watering down its chance of seeing the light of the day.