MSTRPay AB continues to expand its Central Africa footprint following formal confirmation of cooperation interest from African Development Credit (ADeC S.A.), a licensed second-category microfinance institution in Cameroon.

The confirmation was delivered by ADeC’s CEO, Ms LOULONG WOMBOU Honorine Epse NEUNGOUE, in which she expressed strong institutional interest in structured collaboration with MSTRPay and welcomed further due-diligence and partnership dialogue.

This development follows the recent appointment of Mr Nguekeu Temomo Emmanuel as MSTRPay’s country agent in Cameroon and marks tangible forward movement from market assessment to institutional engagement.

African Development Credit (ADeC S.A.) operates as a licensed Établissement de Microfinance – 2ème catégorie under the Cameroon / CEMAC regulatory framework.

Ministerial authorization dated 02 August 2021 confirms ADeC’s transition to second-category status following COBAC decision D-2021/091

ADeC has developed its microfinance operations over several years, including the implementation of a mobile money platform (“Direct Cash”) initiative

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Structured Pathway Toward Potential Collaboration

The confirmation initiates the next structured phase under MSTRPay’s compliance-first JV model:

1. Execution of mutual NDA (where applicable)
2. Full financial and prudential due diligence
3. Verification of capital adequacy, portfolio quality, and governance framework
4. Regulatory alignment under COBAC / MINFI standards
5. Exploration of a ring-fenced digital JV architecture

Cameroon represents a strategically important CEMAC gateway, combining:

• A regulated microfinance ecosystem
• Growing demand for digital financial inclusion
• Regional connectivity within Central Africa

Agent-Led Institutional Interface

The engagement has been facilitated by Mr Nguekeu Temomo Emmanuel, MSTRPay’s appointed country agent for Cameroon.

With a background in project structuring, feasibility analysis, and government-level interface, Mr Temomo has coordinated the transition from preliminary discussions to formal institutional confirmation — reflecting MSTRPay’s methodical and regulator-aligned entry model.

Executive Comment

Peter Rinaldo, Head of Business Relations — Emerging Markets, MSTRPay AB, stated: “The institutional confirmation from ADeC S.A. demonstrates serious intent and validates our structured engagement model in Cameroon.

We are proceeding with disciplined due diligence and full regulatory alignment to ensure that any future partnership is compliant, scalable, and sustainable within the CEMAC framework.”

Next Phase

The coming weeks will focus on:

• Execution of mutual NDA
• Deep financial and prudential due diligence
• Regulatory scope confirmation
• Technical integration feasibility
• Structured JV framework evaluation

No capital commitments have been made at this stage.

Further updates will be provided as the Cameroon engagement progresses.

MSTRPay AB

Structured expansion. Regulated partnerships. Scalable ecosystems.

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