Attijariwafa Bank, one of the largest banks in Morocco and Africa, has entered a strategic partnership with global cross-border payments company Thunes. The partnership, according to both firms, will enable “nearly 30 million” bank account owners in Morocco to receive inbound cross-border payments directly into their accounts. Thunes is connected to Attijariwafa Bank via Ripple, which will allow the bank’s customers to receive payments from around the world through the Thunes network “in seconds”. “Cross-border payments have been a challenge as in the past, customers would have to use inefficient and expensive methods to send payments to Morocco.”Ben Gamra adds that the partnership “will be a major improvement for customers that need to make regular cross-border payments”. Founded in 2016, Thunes is a B2B company that allows businesses to send and receive payments across the world through a single connection.

Source: The North Africa Journal July 13, 2022 07:00 UTC