Western Union has partnered with Viber, a VoIP and cell phone message application, to allow Western Union clients, starting with those living in USA, to use the Viber App on their cell phones and instantly send up to USD 499 to their loved ones at all WU agencies. This mobile money innovation with Viber is the first outcome of the latest WU’s platform, WU ConnectSM, developed for money transfer into third-party digital devices.

In a bid to control the Cameroon financial sector, government has reiterated the clauses of the 2015 Finance Law which among others, increase the tax rate on international remittances from Cameroon to other countries by 33%. Consequently, this regulation is likely to have an adverse effect on the margin of the international remittance operators and their sub-agents in Cameroon.

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