just now
Cross-border payments company Thunes has launched real-time payment services into Morocco, enabling members of its Direct Global Network to offer instant transfers to bank accounts in the country. The service supports payouts in Moroccan Dirham (MAD) and provides access to Morocco's increasingly digitised economy.
Morocco ranks among the top receiving countries in Africa for remittances, with the World Bank reporting that the country received over USD 11.5 billion in 2023. This volume underscores the importance of efficient and affordable cross-border payment solutions into the North African market.
The launch addresses growing demand for faster international transfers, supported by research from Thunes' 2025 Report: Money Without Borders. The study found that 65% of expatriates prioritise speed above all other factors when selecting a payment method for cross-border transfers.
Aik Boon Tan, Chief Network Officer at Thunes
Aik Boon Tan, Chief Network Officer at Thunes, said:
As the demand for seamless, real-time cross-border payments into North Africa continues to grow, Thunes is committed to offering fast and reliable alternatives to legacy systems. This latest expansion of our Direct Global Network into Morocco marks an important milestone for Thunes and our Members around the world, giving them the opportunity to truly enhance the speed of their consumer and business cross-border payments.
Through direct connections into Morocco's banking network, Thunes enables faster and more transparent transactions compared to traditional legacy systems. The service allows network members to provide enhanced cross-border payment capabilities to their customers sending money into Morocco.
Chloé Mayenobe, President and COO at Thunes
Chloé Mayenobe, President and COO at Thunes, added:
Speed has become more than a preference in cross-border payments, it's an expectation and a key factor for end users when choosing a solution. With the launch of direct payouts into Morocco, we're giving our Members the power to deliver faster, cheaper, and more transparent transactions into one of Africa's most vital markets.
The expansion supports Thunes' mission to include the next billion end users in the global economy, fostering greater financial inclusion for individuals and businesses looking to send money into Morocco. The company operates what it calls the Smart Superhighway to move money around the world.
Thunes' Direct Global Network connects financial institutions and payment service providers worldwide, enabling streamlined cross-border payment capabilities across multiple markets and currencies.
