UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, has partnered with Groupe Banque Populaire in Morocco, historical leader in the Moroccan Diaspora Market. The partnership will enable remitters to send money from UAE Exchange branch to Groupe Banque Populaire or third-party bank accounts in Morocco, while also providing the beneficiaries with an option for cash pay-out at all Banque Populaire branches.
Promoth Manghat, Chief Executive Officer, UAE Exchange Group, said: “Our strategic partnership with Groupe Banque Populaire aims at bridging the growing demand for instant remittances among the Moroccan customers. The bank’s network coupled with our services will enable us to reach out to more customers and provide them with secure channels for remitting home from across the globe. We are also delighted to offer cash payout service to the customers through Banque Populaire branches at locations across Morocco.”
Speaking on the tie-up, Laïdi El Wardi, Retail Banking General Manager, Groupe Banque Populaire, said: “Always attentive to the needs of our customers around the world, we are pleased to count the partnership with UAE Exchange in our portfolio. This strategic partnership will allow us to further diversify our transfer solutions for our clients. The vast branch network of UAE Exchange will enable our clients to remit conveniently from anywhere to Morocco, leading to direct account credit or cash payout.”