Legal Nature of Electronic Payment in Cameroon

Electronic payment is any payment mechanism which enables individuals, businesses, government and nonprofit organizations to make cashless payments for goods and services through cards, mobile phones and over the internet. This study examines the legal nature of electronic payment in Cameroon. Electronic payment is legally recognized in Cameroon, however, crypto currency prohibited. This study adopts the qualitative research methodology and the method used is doctrinal. The research finds that electronic payment is not a legal tender but a means of payment applicable to parties to a contract who have accepted it. The study recommends that the government should recognize crypto currency and regulate its use in Cameroon.