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.