Morocco-based AttijariWafa Bank and PayPal have launched new service that will enable Moroccan merchants to withdraw funds from their PayPal accounts to an Attijariwafa bank account, in Moroccan Dirham and other currencies.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe new offering is anticipated to boost e-commerce opportunities in Morocco, as it allows PayPal merchants faster and easier access to their PayPal funds. Merchants can now register for this service by visiting their nearest Attijariwafa bank branch.
Kivanc Onan, managing director of PayPal MENA& Turkey, said: "One of the biggest challenges facing any online business is access to payments, and we believe PayPal’s relationship with Attijariwafa bank is a huge step forward in tackling the challenge by empowering existing e-merchants and even allowing start-ups and businesses to set up shop online easily.
"Our vision is to enable and empower both merchants and consumers to make the most out of the convenience of online shopping. The relationship is another indication of our commitment to the region and gives anyone the opportunity and ability to conduct business online, essentially making every consumer a potential future e-business owner."
