Paysend partners with Damane Cash to enable transfers to Morocco
LONDON – 28 JULY, 2022 – Paysend, the UK-based FinTech with over 7 million customers, today announces a partnership with Damane Cash, a payments institution and subsidiary of Bank of Africa, to enable money transfers to bank accounts in Morocco.
With features such as low fixed fees, upfront exchange rates, faster transfer speeds and the ability to make instant, digital end-to-end international payments, this partnership will enable Paysend to transform how communities in Morocco manage money online globally.
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Paysend, the global fintech innovator, proudly marks its 8th anniversary celebrating nearly a decade of bold innovation, strategic partnerships, and customer-driven growth.
Founded in the UK in 2017, Paysend has evolved from a cross-border money transfer startup into a leading global fintech company with a clear mission: to simplify money transfer for all by building the world’s largest open, instant digital payments network. Today, Paysend generates over $100 million in annual revenue and serves over 11 million consumers alongside a growing base of enterprise clients—including global leaders in the money movement and high-growth platforms payroll space.
We’ve been working on a new way for businesses to receive and move funds between their corporate accounts globally and in real-time. We know that moving funds cross-border between corporate accounts can take days to settle and can be expensive which leads to your funds being trapped in pre-funding accounts or cross-border payment processing cycles.