Morocco is now home to Thunes’ expanding network, enabling real-time bank account transfers for its users.

This expansion into Morocco’s market supports transactions in the local currency MAD and enhances access to the country’s growing digital economy. With Morocco being among the leading recipients of funds in Africa, as reported by AfriDigest, and having received over USD 11.5 billion in 2023 according to World Bank data, affordable cross-border payments remain crucial.

Moving Forward with Thunes

Thunes is dedicated to providing swift alternatives to traditional payment systems that contribute positively to the global financial landscape’s growth. The introduction of its Direct Global Network in Morocco marks a significant advancement for the company, providing members with opportunities to speed up international payments for their customers and businesses.

The Direct Global Network allows real-time payouts in local currencies, aiding in reaching remote areas with limited banking infrastructure. Enhanced transaction speeds are essential for users, and Thunes’ fast and cost-effective solution ensures quicker, cheaper, and more transparent transactions within Morocco.

Thunes’ expansion solidifies its position in the African market by offering tailored payment features and supporting financial inclusion efforts that help those seeking to send money in Morocco.

Collaboration with Ripple

To further enhance global cross-border payments, Thunes has partnered with Ripple. This collaboration builds on their previous joint venture and aims to streamline international money transfers and increase payout availability in strategic markets.

For additional insights into Thunes’ operations, refer to our detailed profile in the industry-specific Company Database.