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Ancient community banking enters digital age in Cameroon
Ancient community banking enters digital age in Cameroon
Economy
By AFP

Joseph Ngono's face lights up with a smile as he looks at his smartphone, where a payment worth $830 has just appeared in his digital wallet. Shunned by banks, many people in Cameroon turn to their communities for help in the form of tontines, such as the one Ngono uses via the smartphone app Djangui.