Moroccan financial company Wafacash has sealed a deal with WorldRemit, an online money transfer service provider, enabling Moroccans living overseas to send money to their homeland wherein the cash will be available instantly for the beneficiaries. The money transfers wired though WorldRemit system can be picked up from any of the 1620 Wafacash locations installed all over the country. Catherine Wines, co-founder & Executive Director at WorldRemit, said: “We are very proud to be joining forces with the leading financial partner for money transfers in Morocco. He said the idea of an online money transfer service was partly influenced by his own frustrating experience of sending money to relatives in Somaliland using agent-based services. He worked with a number of remittance businesses as well as international policy makers before launching his own money transfer company.

Source: The North Africa Journal April 25, 2017 15:33 UTC