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Cameroon – Finance: After disruptions at its counters, Western Union resumes sending money from Cameroon

After disruptions at its counters, Western Union resumes sending money to Cameroon
Written by Deckson N.

After at least eight months of disruption at its counters, Western Union announced in a statement on May 30 that it resumed sending money from Cameroon.

We are pleased to announce that consumers can now send money via Western Union services to their families and loved ones in hundreds of countries and territories around the world,” Douala – Western Union President for Africa, Aida Diarra. Before adding that, this would not have been possible without the active contribution of agents and partners of the international money transfer company.

To understand this announcement of Aida Diarra, it should be remembered that since 2016, users could no longer send money through Western Union. Only withdrawals were possible. And for good reason, the partner banks chastised the 2015 law of finance which tax the transfers of money abroad to the tune of 33.33%. “When we return 33.33% to the state when we receive only 20% commission from Western union, we are the losers. This is a real shortfall for us because we pay more than what we receive from our partnership with these structures, “explains a banker.

The resumption of the global services of Western Union, available in Cameroon since 1996, is the sign that a ground of agreement still undeclared, was found with the 1,200 partner counters of the country.

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Deckson N.

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