TRESOR PAY: Cameroun Orders Electronic Payment for Commercial Sector Revenues

• The Cameroonian government has introduced electronic payment for commercial sector revenues through TRESOR PAY.
• All commercial sector revenue must be paid exclusively through the TRESOR PAY platform.
• The new system is part of efforts to modernize public finance management and increase transparency, security, and efficiency in public revenue collection.

Une reforme qui va renforcer la transparence, la sécurisation des transactions et l'efficacité dans la collecte des recettes publiques.

The Cameroonian government has introduced a new electronic payment system for commercial sector revenues through the TRESOR PAY platform. This move is part of the country's efforts to modernize public finance management. As of now, all commercial sector revenue must be paid exclusively through the TRESOR PAY platform, accessible at www.tresorpublic.cm. The decision follows the implementation of an order by the Prime Minister, which aims to electronic payment and collection of state and public entities' revenues and expenses.

The new system is based on a government decree that requires all commercial sector revenue to be paid electronically through TRESOR PAY. This measure is part of the country's efforts to increase transparency, security, and efficiency in public revenue collection. The platform will provide digital receipts for payments made, which can be verified by competent authorities to ensure authenticity.

The introduction of electronic payment for commercial sector revenues through TRESOR PAY has significant implications for businesses and financial institutions in Cameroon. Lawyers and compliance officers should take note of this development, as it may impact their clients' financial management and compliance obligations. The new system is expected to improve transparency and security in public revenue collection, but its implementation will require careful attention from stakeholders.

Lawyers and compliance officers in Cameroon should watch for the implementation of electronic payment of commercial sector revenues through TRESOR PAY, as this may impact their clients' financial management and compliance obligations.

Source: Original reporting via Cameroun Actu