#None #Thunes #Morocco #Real-Time Payments

Thunes Expands Its Services into Morocco

Thunes, recognized as a revolutionary platform for international money transfers, has officially launched its real-time payment services in Morocco. This expansion marks a significant milestone for both the company and its users, responding to the urgent need for swift and efficient cross-border payment solutions.

The Significance of the Move

With Morocco's economy rapidly integrating into the digital realm, the demand for immediate payment competency has surged. In 2023 alone, Morocco received over USD 11.5 billion in cross-border remittances, solidifying its status as one of Africa's leading receiving countries. The World Bank's findings underscore the necessity for cost-effective and efficient financial transactions that this new service aims to fulfill.

Research conducted by Thunes highlights that speed of transaction is paramount for users engaged in international payments. It reveals that 65% of expatriates prioritize the rapidity of their transfers, often choosing services that meet this criterion over those that don’t. By utilizing Thunes' direct connections to the Moroccan banking system, users can expect enhanced transaction speeds and transparency compared to older legacy systems.

Insights from Thunes' Leadership

Aik Boon Tan, Chief Network Officer at Thunes, asserted that the increasing demand for smooth and prompt transactions into North Africa is a driving force for this launch. He emphasized Thunes' mission to provide reliable alternatives to traditional systems, allowing its global partners to streamline their consumer and business payments significantly.

Chloé Mayenobe, President and COO at Thunes, echoed these sentiments, stating that speed in cross-border payments has become not just a preference, but a fundamental expectation. With this new service, Thunes empowers its members to provide quicker, more economical, and transparent options for sending money into Morocco—one of Africa's pivotal markets.

Enhancing Financial Inclusion

Thunes stands poised to further its leadership in the domain of real-time payments by enhancing access and affordability within Morocco’s financial landscape. With its latest service expansion, Thunes drives towards its overarching goal of integrating the next billion users into the global economy. This initiative is not merely about speed; it's about fostering greater financial inclusion for individuals aiming to send money to Morocco.

About Thunes

Founded to create a smart, comprehensive network for money movement, Thunes has developed its proprietary Direct Global Network, allowing seamless real-time payments across 130 nations in over 80 currencies. This sophisticated network directly connects to an estimated 7 billion mobile wallets and bank accounts, in addition to partnering with various payment service providers worldwide.

Thunes' innovative infrastructure stands out due to its expansive outreach combined with their distinct SmartX Treasury System and Fortress Compliance Platform. These advanced systems ensure members receive unmatched speed, control, and security during their transactions. Notable members include giants of the gig economy and leading fintech firms worldwide.

With offices operating globally, including cities like Singapore, London, and Johannesburg, Thunes remains committed to evolving payment solutions that align with the needs of an increasingly digital world.

In conclusion, Thunes' introduction of real-time payments in Morocco reflects a strategic move to meet growing consumer needs for faster cross-border financial services. As the world digitizes, platforms like Thunes are essential in bridging gaps between economies and enhancing the overall transparency and efficiency of financial transactions.