Azamra Explored Blockchain Payments in Cameroon
New York-based fintech Azamra is currently discussing cross-border payment pilots and diaspora investment tools in Cameroon.
Updated on Sept. 18, 2026 in Financial Services
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New York fintech firm Azamra has entered exploratory discussions to launch blockchain-powered investment and payment initiatives in Cameroon. The project aims to integrate with the regional GIMACPAY infrastructure to improve financial flows for the diaspora.
Why it matters
Operators in cross-border finance should watch this move as a potential shift toward tokenized remittance channels in Central Africa. Integrating with state-backed regional payment systems like GIMACPAY signals a move toward scaling digital asset infrastructure within regulated frameworks.
Cameroon received $690 million in personal remittances during 2024, accounting for 1.3% of its GDP. The broader GIMACPAY ecosystem supports 79 participants, 30 million mobile accounts, 1,500 ATMs, and 1,354 payment terminals.
The players
Azamra
A New York-based fintech firm specializing in blockchain-powered tokenization for issuance, trading, and settlement of digital assets.
Bank of Central African States
The central bank responsible for monetary policy and the oversight of regional payment systems across Central African nations.
National Social Insurance Fund
The national entity in Cameroon responsible for social security administration and investment management.
The details
Azamra plans to use its blockchain-based tokenization platform to facilitate the issuance, trading, and settlement of digital securities for the Cameroonian diaspora. The company is coordinating with the National Social Insurance Fund and the Bank of Central African States to align its technology with regional standards. This effort follows the central bank's recent adoption of the ISO 20022 standard, which provides a technical foundation for modernizing regional payment interoperability.
Timeline
2024: Cameroon received $690 million in personal remittances.
2025: The Bank of Central African States adopted the ISO 20022 standard.
September 18, 2026: The proposed initiatives were publicly disclosed.
Market Landscape
Azamra's entry follows the region's adoption of the ISO 20022 standard, which is forcing a move toward modernized, standardized payment rails. This shift aligns with broader efforts to integrate blockchain-based digital assets into state-regulated cross-border payment networks.
Operators currently facilitating cross-border transfers in Central Africa should monitor GIMACPAY infrastructure updates for potential partnership opportunities. Managers should note that future projects in the region will likely be contingent on compatibility with the Bank of Central African States' new ISO 20022 requirements.
The takeaway
Blockchain-based financial initiatives are moving from speculative pilots to integration with national central bank standards. Keep track of ISO 20022-compliant infrastructure developments as the primary benchmark for cross-border payment project viability.
Further reading
For more on evolving payment technologies, visit Financial Services.
Source note: This article includes information reported by Business in Cameroon.
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