Thunes has entered into a strategic partnership with Attijariwafa bank, one of the largest banks in Morocco and Africa. This partnership enables any of the nearly 30 million bank account owners in Morocco to receive inbound payments directly to their accounts. Thunes' global customers will have the ability to send seamless, cost-effective and real-time payments to bank accounts in Morocco.

Thunes is connected to Attijariwafa bank via Ripple, the leader in enterprise and blockchain solutions, and its global financial technology RippleNet. The connection to RippleNet and Thunes will allow Attijariwafa bank's customers to receive transfers from around the world initiated through the Thunes network in a matter of a few seconds. Other Moroccan banks' customers can be reached using the local clearing.

Morocco is the third largest remittance receiver in Africa (after Nigeria and Egypt), with a large diaspora, a dynamic market and a sound regulatory framework to foster digital payment services and reduce costs. The World Bank estimates that personal remittance inflows increased strongly during the pandemic, reaching an estimated USD 7.4 billion at the end of 2020.