Moroccan financial services company Cash Plus has partnered with PayPal to launch the country’s first fully digital PayPal withdrawal service. The new feature allows Moroccan users to instantly withdraw their PayPal balances in Moroccan dirhams directly through the Cash Plus mobile application, marking a significant step forward for the nation’s digital economy.
A Seamless Solution for the Digital Economy
This new service provides a crucial solution for Morocco’s growing community of freelancers, entrepreneurs, content creators, and e-commerce sellers. By creating a fully digital pathway to access international earnings, the partnership eliminates the traditional need for branch visits, paperwork, or intermediaries. Cash Plus is now the sole provider in Morocco offering this seamless, branch-free experience, directly addressing a key pain point for individuals participating in the global gig economy.
A Strategic Partnership for Financial Inclusion
The collaboration aligns with a broader vision of creating more accessible and inclusive financial services. “At PayPal, we believe financial services should be digital first, accessible, inclusive, and designed for how people live and work today,” said Otto Williams, Senior Vice President and General Manager for Middle East and Africa at PayPal. He added that the partnership brings this vision to life by offering “an all-in-one wallet experience that makes withdrawing PayPal earnings faster, simpler, and entirely branch-free.”
Tapping Into a Growing Market
The launch is timed to capitalize on the rapid expansion of Morocco’s digital landscape. The country currently has over 18 million internet users, and its digital payments market is on a steep growth trajectory. Projections estimate the market will expand from $14.29 billion in 2025 to over $35 billion by 2030, highlighting the significant opportunity for innovative fintech solutions that cater to an increasingly digital-native population.
About Cash Plus
Cash Plus is a leading Moroccan financial institution established in 2004. It offers a wide range of financial and para-financial services, including national and international money transfers, bill payments, and digital wallet solutions. With an extensive network of branches and a robust mobile platform, Cash Plus is a key player in driving financial inclusion and digital payments in Morocco.
About PayPal
PayPal is a global leader in digital payments, offering a platform that enables individuals and businesses to send and receive money securely in more than 200 markets and 100 currencies. For over 20 years, PayPal has been at the forefront of the digital payment revolution, processing transactions for millions of account holders worldwide.
Source: Morocco World News
