The coming and evolution of technology have seen its adoption in many domains, including the financial sector, following the introduction of online or digital financial transactions. This method of money transfer has been adopted by many financial institutions, with the microfinance sector being very active in it. The increased use of this mode of money transfer has led to numerous consumer rights violations, an increase in money laundering, and other unacceptable activities by individuals with malicious intent. The boiling point here is the laxity of the legislator in solving these difficulties encountered in online transactions within the microfinance sector in Cameroon. This scientific article is aimed at assessing the regulatory oversight of online transactions in MFIs in Cameroon, with a focus on the impact of regulatory laxity. It aims to assess the effectiveness with which the regulator of online financial transactions in the microfinance sector in Cameroon ensures the smooth operation of such transactions within the sector, taking into consideration their significance for consumer protection, financial stability, and, above all, financial inclusion. Through an examination of the current regulatory framework, analysis of risks, challenges, and explorations of policy recommendations, this work provides significant insight for policymakers, regulators, and stakeholders in addressing regulatory loopholes and ensuring an effective system for online transactions in the microfinance sector in Cameroon.