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Keywords: Cross border payments
UnionPay International has officially obtained Casablanca Finance City status for its Morocco branch, formally establishing the country as the Chinese payment network's regional headquarters for financial services across Africa. The company confirmed the designation in a press release issued Tuesday,......
Only a small share of Africa’s digital services circulates within the continent. Around 5% of these services are traded between African countries, while most exports flow to Europe and North America. This imbalance framed discussions at GITEX Africa 2026 in Marrakech, where policymakers and industry......
Morocco has begun cautious but concrete trials of a central bank digital currency, as Bank Al‑Maghrib pilots a digital dirham for peer‑to‑peer and cross‑border transactions. Governor Abdellatif Jouahri has described the initiative as a strategic, gradual shift in payment infrastructure, supported......
Investor sentiment toward the US dollar has fallen to its most bearish level in more than 14 years as the BRICS bloc steps up efforts to develop a cross border payment system aimed at reducing reliance on dollar dominated financial channels. The initiative builds on Brazil’s instant payment platform......
Thunes, a global fintech leader, has introduced real-time money transfer services to Morocco, enabling users worldwide to send funds directly to Moroccan bank accounts in local currency, Moroccan dirhams. This new service ensures instant transactions, offering speed, transparency, and affordability for......
Africa's digital payments landscape is poised for remarkable growth, with projections indicating a surge to $1.5 trillion by 2030, as highlighted in a recent report commissioned by Mastercard and released by Genesis Analytics. Mastercard is spearheading initiatives aimed at enhancing digital adoption......