WorldRemit customers can now send money overseas to be collected as cash at any Cameroon branch of Banque Atlantique.
Contrary to other money transfers operators such as Western Union and MoneyGram, with WorldRemit the sender does not necessarily need to go to a branch to carry out his transaction. They can do it directly, on their own, through the application or dedicated website.
Around the world, people use the WorldRemit app or website to send instant, secure transfers to friends and family overseas.
In parallel, it is believed that, a range of possibilities is also on offer to the beneficiary, who can choose to receive the transferred funds either through bank transfer, in cash, or through their mobile money account.
Remittances play an important role in Cameroon’s economy. Cameroon received $1.201bn in remittances in 2015 according to the World Bank.
Ismail Ahmed, WorldRemit’s founder and CEO, comments: “With the WorldRemit app, the Cameroonian diaspora can send secure money transfers back to their loved ones in Cameroon with a few taps.
We make sending money as quick and easy as sending an instant message.
Through our partnership with Banque Atlantique, we are now offering a convenient cash pick up service at branches in major cities throughout the country”.
Daniel Toure, MD of Banque Atlantique Cameroon, added: “Our partnership brings together two great brands, the world’s leading digital money transfer service and a bank trusted by Cameroonians both in the diaspora or at home.
Cameroon workers abroad now have a convenient, reliable way to send money back to their families.”
Officially, the British firm WorldRemit registers on a monthly basis over 450,000 money transfers worldwide. This service is available in about fifty countries and serves over 125 destinations, including Cameroon now