Uni. of Yde 1 adopts MTN Mobile Money sys.

MTN Cameroon, leader of the national telecom sector, announced September 09, 2014 the signing of a partnership agreement with the University of Yaounde I for the use by students of this academic institution, the payment service Mobile Money of MTN in their financial transactions with the university.

The convention signed Tuesday, September 9, 2014 in Yaounde by Karl O. Toriola, Director General of MTN Cameroon and Prof. Maurice Aurelien Sosso, Rector of the University of Yaounde I, in the presence of the Minister of Higher Education, Prof. Jacques Fame Ndongo, includes the payment of the registration fee, as well as the costs of participation in the competitions organised by all academic institutions dependent on the University of Yaounde I, including: the Faculty of Science, the Faculty of Arts, Letters and Sciences, humanities, the faculty of medicine and biomedical sciences, the Doctoral School, the Higher Normal School, the National Polytechnic, the University Institute of wood technology of Mbalmayo and the virtual university.

Mobile Money of MTN is an innovative payment service with recent technological advances and the convergence of means of payment with the telephony services. In Cameroon, the Mobile Money is open to all MTN clients, in possession or not of a bank account.

The regulation of the registration fees at the university is one of the operations that can be performed by Mobile Money, including the payment of electricity, the payment of the subscription to cable channel Sat, the purchase of a communication credit, the transfer of money to relatives and the purchase of goods and services in large surfaces.

The University of Yaounde I is the fourth State University, after those of Buea, Bamenda and Dschang, to adopt this innovative service in Cameroon. The partnership between MTN and the University of Yaounde I to use the Mobile Money as means of payment of the academic rights thus reflects the desire of both institutions to facilitate the lives of students in the new digital world, by pulling the best advantage of the opportunities offered by the latest technologies.