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The system put in place should allow migrants from all over the world, from the sub-region, to send money in a convenient, fast, secure and inexpensive way to mobile portfolios and accounts. mobile banking, in real time, to Cameroon, Congo, Gabon, Equatorial Guinea, the Central African Republic and Chad.
Presented as "the world's leading mobile payments distributor", TerraPay, through this partnership , committed to accelerating the creation of an ecosystem that provides essential value to stakeholders and consumers, building on the global clearing and settlement service.
The digitization of transfer services is, according to the parties, "the final step towards improving the provision of financial services."
According to available statistical data, remittances from abroad represent – 1% of the gross domestic product (GDP) of the CEMAC zone, far from the Economic and Monetary Union of West Africa (UEMOA) where they point to nearly 10% of GDP.
FCEB / you / APA
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