Morocco-based AttijariWafa Bank and PayPal have launched new service that will enable Moroccan merchants to withdraw funds from their PayPal accounts to an Attijariwafa bank account, in Moroccan Dirham and other currencies.

The new offering is anticipated to boost e-commerce opportunities in Morocco, as it allows PayPal merchants faster and easier access to their PayPal funds. Merchants can now register for this service by visiting their nearest Attijariwafa bank branch.

Kivanc Onan, managing director of PayPal MENA& Turkey, said: "One of the biggest challenges facing any online business is access to payments, and we believe PayPal’s relationship with Attijariwafa bank is a huge step forward in tackling the challenge by empowering existing e-merchants and even allowing start-ups and businesses to set up shop online easily.

"Our vision is to enable and empower both merchants and consumers to make the most out of the convenience of online shopping. The relationship is another indication of our commitment to the region and gives anyone the opportunity and ability to conduct business online, essentially making every consumer a potential future e-business owner."

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