WorldRemit set to improve app features for Cameroonian users

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Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely… Read more
  • New free to use app features include extra currency and collection options plus integration with WhatsApp and SMS
  • Sending cash in country set to become simpler for those with the app, while international transfers will also be easier to complete
  • “We are delighted to make it even easier for money transfer recipients in [Cameroon] to manage their funds”, says WorldRemit Managing Director

 

Leading online money transfer firm WorldRemit has announced a suite of changes to the way that many users will experience its mobile app.

As part of the new changes, which will affect economies such as Cameroon in Africa as well as other countries around the world, those who have remittance transactions sent to them from elsewhere will see fresh pay-out options, extra currency options and more.

It will now be possible for users in Cameroon to use the app to store their currency in either US dollars or in the Central African franc, a currency used in the region.

Money they store in the app can be collected at one of 1,500 places in the country, while users can accept money transfers from over fifty worldwide currencies.

Crucially, exchange of funds will be easier. Those who are in the same country and have the WorldRemit app downloaded will be able to receive funds using it.

For those customers who want to raise requests for specific amounts of cash, the app changes will make this possible – and transfers via WhatsApp and SMS will be allowed.

There is no cost to the end user for using the new features.

According to Andrew Stewart, Managing Director for Middle East and Africa at WorldRemit, the changes will provide “full control” as the service moves away from the traditional models of cash and bank deposit.

“Cameroon is one of our top ten remittance receiving countries globally, so we are delighted to make it even easier for money transfer recipients in the country to manage their funds”, he said.

“Previously, only senders of WorldRemit transfers could select whether their money was received by bank deposit, collection as cash or mobile money transfer. The new service gives receivers with or without a bank account full control over how they manage their remittances, enabling them to store funds in a remote account in multiple currencies, send money to other WorldRemit users in the same country, or withdraw their funds at any time via any of our convenient pay-out methods.”

 According to recent figures, almost two-thirds of Cameroonian adults don’t have access to a bank account. It’s the case for a lot of Cameroonian people that it’s easier to access and download a mobile app than it is to set up a bank account, and that’s why organisations like WorldRemit are so keen to expand in these economies. It’s just another example of how extensive smartphone penetration is.

Discover what other firms like WorldRemit are up to by heading over to our news pages.


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