The Banque Populaire Group (BCP) has announced the signing of a partnership agreement with UAE Group UAE Exchange, one of the world leaders in money transfer, exchange and payment solutions based in Abu Dhabi. An agreement that allows the Moroccan group to strengthen its presence in the money transfer segment.
Through this partnership, money transfers can now be made directly to the bank accounts of a branch of the Moroccan banking group or managed by other banks of the place. Beneficiaries can also withdraw money in cash from the People’s Bank even if they do not have an account with the group. To do so, BCP intends to rely on the network of emirati composed of 800 agencies worldwide and strong annual revenue of 30 billion.
A strategic partnership meant to fill the growing demand for instant transfers among Moroccan customers.
“This partnership will allow us to further diversify our transfer solutions for our clients. The extensive network of UAE Exchange branches will allow our customers to easily transfer from anywhere to Morocco, “said Laidi El Wardi, CEO of BCP’s Retail Banking.
The Moroccan banking group already offers money transfer services to Moroccans residing abroad, whether or not they are customers, with or without a bank account thanks to several partners.
