Cash Plus, a Moroccan financial services company, has launched instant bank transfers, enabling customers to send and receive money in real time between bank accounts. The service is available 24/7, including weekends and holidays, and aims to improve financial inclusion in the country.
According to the company's announcement, the instant transfer feature is integrated with Morocco's central bank system, Bank Al-Maghrib, and complies with local regulations. Users can initiate transfers via the Cash Plus mobile app or website, with funds available immediately to the recipient.
This development follows a broader trend in Morocco toward digital payment solutions, as the country seeks to modernize its financial infrastructure. Cash Plus, which already offers mobile money and payment services, is expanding its portfolio to compete with traditional banks and fintech startups.
