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An estimated 5 million Moroccans live abroad, and the majority (around 42%) send money to friends and family in the country.
Paysend, which currently serves more than 7 customers and 17,000 SMEs in more than 150 countries around the world, has partnered with Daman Cash to globally transform the way Moroccan communities manage their money online. I will.
Alex BessonovPaysend’s Group Head of Network Development and Strategic Partnerships, said:
Experience more affordable rates and faster processing speeds when sending important remittances. You will benefit from it and will be able to send money through the Paysend platform in no time.
Damane Cash is a clearing house for the Bank of Africa, one of the leading pan-African financial groups established in 32 countries. Damane Cash operates since 2007 as a money transfer specialist providing financial cash services through over 800 branches in the Kingdom of Morocco.
Earlier this year, Paysend expanded its money transfer service to Brazil. Pixan instant payment platform created and managed by Central Bank of Brazil.
Read the interview Ashley MallettHead of B2B Growth at Paysend, learn how to make it easier for your business to grow and scale by building a one-stop-shop online ecosystem for financial services.
