Thunes, a Singapore-based global payment network, has launched real-time payment services in Morocco.
Members of its Direct Global Network can now send payments directly to bank accounts in the country.
The service supports payouts in Moroccan Dirham (MAD) and provides Thunes’ Members with greater access to Morocco’s increasingly connected and digitised economy.
Morocco is among the top receiving countries in Africa.
According to the World Bank, the country received over US$11.5 billion in 2023, highlighting the importance of efficient and affordable cross-border payments.
Research from Thunes’ 2025 report, Money Without Borders, emphasises the importance of speed in cross-border transfers.
The study found that 65% of expatriates prioritise speed when selecting a payment method.
Through its direct connections to the Moroccan banking network, Thunes aims to make transactions faster and more transparent than 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,”
said Aik Boon Tan, Chief Network Officer at Thunes.
Featured image credit: Edited by Fintech News Africa, based on image by Afker Moiz via Unsplash
