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International Business Times
International Business Times
World
Romuald NKONLAK

REVEALED: Ancient community banking enters digital age in cameroon | Rare Historical Photos

Popular shared savings schemes known as tontines have shifted on to digital apps (Credit: 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.

Like many Cameroonians, the computer scientist pays in each week to a shared savings fund known as a "tontine" -- an ancient system that start-ups are now bringing into the digital age.

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