WorldRemit, a UK-based online money transfer service, has partnered with financial company Express Union to launch its instant remittance service to Cameroon.
The deal will enable WorldRemit clients to transfer money instantly to be picked up as cash at over 700 Express Union locations.
WorldRemit co-founder and executive director Catherine Wines said: “Adding hundreds of new cash pick up locations to our Cameroon corridor translates into improved service, better choice and more convenience for our customers and their families. WorldRemit remains committed to secure and instant money transfers tapping into the unrivaled local knowledge and operational excellence of trusted partners like Express Union.”
Express Union general manager Charès Nghoguo added: “For Express Union, the No. 1 money transfer company in Cameroon, the partnership with WorldRemit is geared towards providing an additional means of connecting Cameroonian migrants to their relatives back in the country and local economic actors to foreign ones.
“By opening its 700 points of sale to the beneficiaries of WorldRemit transfers from abroad, Express Union is showing its civic commitment to solidarity, generosity, population welfare and Cameroonian development thanks to money transfers”.
According to the World Bank, Cameroon received $244m in remittances in 2015, more than double the amount in 2010.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn May this year, WorldRemit partnered with UAE Exchange to expand its reach in African nations such as Morocco, Uganda, Rwanda, Kenya and Zambia.