CASHPLUS, a Moroccan financial services and fintech provider, has entered into a partnership with PayPal to introduce a fully digital option for users in Morocco to withdraw PayPal funds in local currency.
The arrangement allows PayPal account holders in Morocco to transfer their balances instantly in Moroccan Dirhams (MAD) through the CASHPLUS mobile application, removing the need for branch visits, paperwork, or intermediaries.
CASHPLUS is currently the only provider in the country offering digital PayPal withdrawals.
The feature is expected to benefit freelancers, entrepreneurs, content creators, and e-commerce sellers who rely on international transactions.
“At PayPal, we believe financial services should be digital first, accessible, inclusive, and designed for how people live and work today,”
said Otto Williams, Senior Vice President, Regional Head and General Manager for the Middle East and Africa at PayPal.
“Our partnership with CASHPLUS brings that vision to life in Morocco, offering users an all-in-one wallet experience that makes withdrawing PayPal earnings faster, simpler, and entirely branch-free. Whether they’re running an online store or freelancing for global clients, users can now manage local and international finances seamlessly from a single app.”
Morocco, with more than 18 million internet users, is witnessing growth in its digital economy.
The country’s digital payments market is projected to expand from US$14.29 billion in 2025 to over US$35 billion by 2030.
The CASHPLUS-PayPal partnership is positioned within this broader context of digital financial development.
The initiative also supports Morocco’s National Financial Inclusion Strategy, which seeks to include 75 per cent of adults in the formal financial system by 2030.
Providing the option to withdraw earnings from platforms such as PayPal without the need for a foreign bank account addresses a long-standing challenge faced by Morocco’s digital workforce.
Nabil Amar, President of the CASHPLUS Group, said:
“This partnership with PayPal is a key milestone in our mission to democratise access to global financial services. By enabling instant, secure withdrawals in MAD, we’re empowering Morocco’s digital generation with the autonomy, speed, and simplicity they expect, all within a single app.”
Featured image credit: Edited by Fintech News Middle East, based on image by EyeEm via Freepik
