HAVING completed a series of strategic deals with local partners, leading remittance service, WorldRemit, is set to accelerate adoption of digital money transfers in Cameroon.
WorldRemit’s new partnerships with MTN Mobile Money, Express Union and Banque Atlantique ensure that people in Cameroon can choose to receive remittances in a way that suits them – turbocharging Mobile Money transfers and adding nearly 700 cash pick-up locations throughout the country.
With the WorldRemit app or website, people all over the globe can now send money instantly and securely to their friends and relatives in Cameroon, to be collected in one of three ways:
Mobile Money – WorldRemit customers can send instant overseas money transfers to any MTN Mobile Money account. There are currently over 2.6 million registered MTN Mobile Money accounts in Cameroon
Cash pickup – WorldRemit transfers can be collected at hundreds of Express Union locations throughout Cameroon or at any branch of Banque Atlantique.
Bank transfer – Funds can be sent directly to any Cameroon bank account.
WorldRemit sees high growth potential in remittances to Mobile Money accounts. With only 12 percent of adults in Cameroon holding bank accounts, Mobile Money provides a way for people to instantly receive a remittance using just a phone.
Co-founder and Executive Director at WorldRemit, Catherine Wines comments: “We see the diaspora of Cameroon as leading the way in adoption of digital money transfers. Sending money through our app becomes as easy as sending an instant message – no more waiting in line at expensive money transfer agents. Our partnerships with trusted brands like MTN Mobile Money, Express Union and Banque Atlantique offer unrivaled local expertise and more payout options to the benefit of consumers”.