WorldRemit and Wafacash launch instant money transfers to Morocco
Instant cash pickup service now available at one of the 1620 Wafacash locations in Morocco
London, 24th April 2017: Digital money transfer service WorldRemit has partnered with leading Moroccan financial company Wafacash to further support the growing demand for instant remittances and the immediate access of funds in the country.
WorldRemit customers can now send overseas money transfers to be collected in one of the 1620 Wafacash cash pick up locations all over the country, including Marrakesh, Tanger, Tetouan, Salé, Fes, Agadir, Meknes, Oujda, Kenitra, and Nador among others.
Remittances play an important role in Morocco’s economy – considering that over 8 million Moroccan expatriates are currently living abroad. The country received 7% of its GDP in remittances in 2015 according to the World Bank, totaling some $7 billion.
Catherine Wines, co-founder and Executive Director at WorldRemit, comments: “We are very proud to be joining forces with the leading financial partner for money transfers in Morocco. Wafacash’s impressive market penetration and its reputation for excellence and innovation for 26 years guarantees superior customer service for thousands of customers via 1620 Wafacash branches across the country”.
Samira Khamlichi, chief executive of Wafacash adds: “Our partnership with WorldRemit reflects our commitment and continuous investment into international growth and expanding product offerings for our customers. Moroccans can now receive vital remittances from their family members abroad instantly, simply making use of their unique transaction reference number and a valid ID.”
WorldRemit users now send more than half a million money transfers every month.
WorldRemit is changing the way people send money.
It’s easy – just open the app or visit the website – no more agents.
- Transfers to most countries are instant – send money like an instant message.
- More ways to receive (Mobile Money, bank transfer, cash pickup, and mobile airtime top-up).
- Available in over 50 countries and 140 destinations.
- Backed by Accel Partners and TCV – investors in Facebook, Spotify, Netflix and Slack.
- WorldRemit is the UK’s fastest-growing technology company (Deloitte Technology Fast 50 2015)
WorldRemit’s global headquarters are in London, UK with regional offices in the United States, Canada, South Africa, Singapore, the Philippines, Japan, Australia and New Zealand.
Created in 1991 as a subsidiary of Attijariwafa Bank Group, Wafacash has over the past 26 years gained extensive expertise in the money market and is now a leader in international cash transfers.
With a network of more than 1620 agencies in Morocco and based on its 3000 employees, Wafacash offers around 20 products and services including international transfer, domestic transfer with Cash Express, Innovative services, such as the Floussy prepaid card, the Hissab Bikhir bank account or the cash e-payment with Pay Cash service.