Wafacash Moroccan leader in international money transfers, and BICS, part of the Belgacom Group and a prominent international provider of Voice, Messaging, Roaming, Connectivity and Mobile Financial Services, announced that they have launched a new remittance corridor between Belgium and Morocco.
Through this deal, people living in Belgium will be able to use their mobile phones to remit money instantly and cost effectively to their relatives and friends anywhere in Morocco, where they can collect the money at one of the 500 agent locations of Wafacash.
The remittance transactions to the 500 agents of Wafacash are facilitated through the HomeSend remittance hub, and Wafacash’ Allo Cash® platform.
HomeSend is a strategic business partnership between BICS and eServGlobal, allowing the real-time transfer of any type of funds, such as airtime or money, and from various fund sources, such as eWallets, bank accounts, credit cards and cash.
Allo Cash® is the distribution service set up by Wafacash to allow the distribution of remittance transactions coming from mobile phones via HomeSend.
Frédéric Schepens, SVP Mobile Financial Services at BICS said “The aim of BICS with HomeSend is clearly to enable mobile operators to offer international money transfer. To help build the necessary ecosystem, HomeSend connects to the established money transfer organisations like Wafacash.”
For Samira Khamlichi, CEO at Wafacash, “We believe that innovation does not stop with inventing and implementing solutions and products that may be essential tomorrow; it becomes more valuable when it comes to connect today’s best products with the best potential ones of tomorrow. We are very pleased to celebrate Wafacash’ 20th anniversary with this new innovation, created in partnership with a global leader in its domain.”