By Imane Charioui, Director of Francophone Africa, WorldRemit DOUALA, Cameroon, 2nd September, 2022,-/African Media Agency /- According to government data, approximately one in five Cameroonians live abroad1, from where they regularly send money to their families back home for daily upkeep, education and development.
It was even more challenging to send money to the rural areas, which is home to 42% of the country’s population.Rural recipients were often required to travel many kilometers to nearby cities where they could access banks, the main pick-up points for many remittance services. In addition, WorldRemit supports direct transfers to mobile money wallets, allowing for withdrawals at local mobile money agents, widening the reach of the services across the country.But the biggest impact has been on the speed of transactions, where transfers take just minutes to reach the recipient, a far cry from yesteryears, when it took days, sometimes weeks to complete transactions.