Byline: Imane Charioui, Director of Francophone Africa, WorldRemit DOUALA, Cameroon, 3 November, 2022,-/African Media Agency (AMA)/- After more than a year of closures, movement, and work limitations here in Cameroon, the last year left us many challenges as a society. One of them being how to continue to financially support our families in the most difficult […]
Byline: Imane Charioui, Director of Francophone Africa, WorldRemit DOUALA, Cameroon, 3 November, 2022,-/African Media Agency /- After more than a year of closures, movement, and work limitations here in Cameroon, the last year left us many challenges as a society.
Many Cameroonian immigrants continued to help not only their families but the country’s economy through sending money digitally and embracing technology and as of 1 June 2022, WorldRemit users globally sent nearly £75M GBP which equates to 57,753,377,280 West African CFA in remittances through its digital payment service.
Sending money digitally has proven to be much faster, safer and more convenient for both the sender and the recipient. The Cameroonian diaspora accounting for about 4 million people, with over one million living and working within Africa while the rest residing in France, Belgium, Germany, Canada and the United StatesThis trend is here to stay, and in 2022 users are expected to increasingly opt for more digital options.
So that families are not left without the important financial support of their loved ones abroad, Imane Charioui, Director of Francophone Africa, WorldRemit, a leading cross-border digital payments service, shares some advice.. Money transactions don’t necessarily have to be done in person, handling cash, or through a bank account.
With increased digitization and access to mobile money in Cameroon, the country displays a relatively fair but feeble performance in terms of digital infrastructure, digital financial services and digital entrepreneurship. The more we avoid being exposed, the more protected we will be. The great advantage of digital platforms to send money is that they are so simple, safe, and fast to use that there’s no need for a middleman.
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