Damane Cash and Paysend collaborated to empower money transfers to Morocco. Paysend is a new age integrated global payment platform that allows companies and customers for online transactions in any currency and across 150 countries. SMEs can access more than 40 payment methods such as Visa, Mastercard, China UnionPay, local ACH, and payment schemes through the platform of Paysend.
Damane Cash, a subsidiary of BMCE Group offers a variety of services such as International Transfer Issuance, Domestic Money Transfer, Bill Payment, Payment of Taxes and Duties, and more. Its Damane Pay comes with a mobile payment account, and mobile application to enable its users an easy payment option for bill payments, top-up recharges, and purchases.
With this collaboration, Paysend will be able to make changes in the online money management of Morocco’s communities at the global level as it will offer features like upfront exchange rates, low fixed fees, digital end-to-end international payments, and more.
Alex Bessonov, Group Head of Network Development and Strategic Partnerships, Paysend, stated, “This partnership between Damane Cash and Paysend will encourage users all over the globe to connect across borders and send money to support loved ones in Morocco. They will experience more affordable rates and quicker processing speeds when sending important remittances. Through Paysend’s easy-to-use app, automated phone number, and text ID verification, users can benefit from a quick and simple onboarding process, allowing them to make transfers through the Paysend platform immediately.”
BMCE Cash is the payment subsidiary of the Bank of Africa, the parent organization of Damane Cash is established in 32 countries. The payment institution of the Bank of Africa has been working as a specialized company in money transfer that provides financial cash services in the Kingdom of Morocco via its 800 branches.
At present, BMCE Cash has turned into the technological hub of the Bank of Africa for digital money transfer services as it invests immensely in emerging technologies.