Each year, Moroccans in the diaspora send approximately $11 billion to their families back home. That’s millions of dollars lost in remittance and transfer fees. To address this, Sendwave is launching a money transfer app that has helped one million customers send billions of dollars to their families around the world, it said in a statement. With Sendwave, users can send funds at no cost, ensuring that more money will reach their loved ones in their country as quickly as possible.
“Behind every transaction is often a unique story. Sendwave is proud to enable Moroccans around the world to have a positive impact on the lives of their loved ones. The brand’s philosophy can be summarized in one simple phrase: send money with love,” the same source continues. The latter recalls that Sendwave is a money transfer application that allows residents in France, Spain, Italy, Belgium, Great Britain, the United States and Canada to send money to 22 countries, including Morocco, without shipping costs and with fast transfers. Since its inception in 2014, the app has grown rapidly in parts of Africa, Asia and Latin America, winning the hearts of hundreds of thousands of users.
“In addition to being simple, Sendwave represents the no-cost money transfer solution that will allow Moroccans, who usually receive money, to receive more money for the same amount sent,” said Ibtissam Lotfi, Growth Manager at Sendwave, quoted in the release.