logoBC
Yaoundé - 20 April 2024 -
Finance

Express Union and WorldRemit conquer six African countries

Express Union and WorldRemit conquer six African countries
  • Comments   -   Tuesday, 14 November 2017 08:49

(Business in Cameroon) - Authorized sources revealed that WorldRemit money transfers can be operated in the agencies of the Cameroonian operator Express Union in six African countries. These countries are namely: Gabon, Congo, Republic of Central Africa, DR Congo and Benin.

By partnering with the British money transfer company some months ago, Express Union, which was only serving the Cameroonian market thus extends its services to six African countries to get some new breath of air. This is after it lost the Cameroonian money transfer market to mobile money services which are provided by mobile operators. At the same time, this partnership will allow the Cameroonian operator to compete with major brands like Western Union and MoneyGram.

This also a way for Express Union to position itself on the international money transfer market which is more open than the domestic transfer market where the firm has been struggling for about a year now, with the dynamization of Mobile money services of MTN and Orange Cameroon.

BRM

api-signs-key-agreements-to-boost-investor-access-to-economic-zones
The Investment Promotion Agency (API) reached two Memorandums of Understanding with the Port Authority of Kribi (PAK) and the Mission for the Development...
cameroun-repays-cfa39-8bn-debt-with-new-borrowings
On April 17, Cameroon reimbursed CFA39.8 billion on the public securities market of the Central African States Bank (BEAC). Renowned for its solvency...
cemac-raises-cfa4-336tn-in-2023-public-securities-cfa2-5tn-less-than-waemu
In 2023, the six Cemac countries collectively raised CFA4,336.3 billion on the public securities market of the Central African States Bank (Beac),...
cameroon-minister-urges-african-restaurants-to-unite-on-geographic-indications
Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, and Country Director of the African Intellectual Property...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »