Telecompaper
Morocco-based financial services company Wafacash has announced it is scaling up operations with digital money transfer service WorldRemit to offer instant money transfers across West and Central Africa. The companies already work together in Morocco and Senegal, but will expand into Cameroon, Benin, Burkina Faso, Niger and Cote D’Ivoire before the end of the year.
The new service will let WorldRemit customers in over fifty countries transfer money as easily as sending an instant message, using the app or website. WorldRemit’s digital, mobile-first model provides security and compliance standards.
Wafacash is a subsidiary of Attijariwafa Bank, one of Africa’s major banking institutions. The company currently has pay-out points at Wafacash offices and Attijariwafa Bank branches and agents.
