(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.