Express Union Cameroon

Express Union is a Cameroonian company that deals with money transfer as main service. It was created in 2002 . Leads the domestic money transfer market with around 240 POS across the country. Express Union covers all the 10 regions and presents i


Link to external site : Website for Express Union Cameroon
Brand
Launched in
Status
Launch
Importance
Traction
Evaluation
High cost.
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Account Type
Bank Account
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Business Model
Class
Send Services Receive

Branch


Mobile


Card


Cash


Wallet

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DMT

IMT
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Card


Cash


Wallet


Branch


Mobile

Model
non-bank based
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Who Leads?
third party led
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Reach
Active Users
Registered Users
Potential Mobile Market (m)
Regulations
Express Union did go through any special registration before launching its Mobile Money transfer service
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Persona
Purpose
Active Services
Card Type
ServicesDescription
Subscribers can use their handsets to transfer up to CFA F 250,000; the service does not offer any mobile payments
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Channels
Payment Instruments
Cash I/O Description
Own channel, no other; 35% of Express Union's branches can open accounts. All can pay out cash to receivers
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Cash I/O No Of Locations
Handsets
Technologies
Interoperability
Supports transfer to unregistered user
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RegistrationProcess
Main Segment Unbanked
Segment Description Own Orange/MTN line and open an account in Express Union POS. Need for security.

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