Connecting your business to the world

Connecting your business
to the world
Launching an exclusive service Attijari-Paypa serving Moroccan e-traders.
Marrakech, Morocco, November 21, 2014 –Attijariwafa bank , the leading bank in Morocco, have publicly presented their
exclusive partnership with PayPal during the Global Entrepreneurship Summit (GES).
This partnership aims to be part of the event’s thematic as it supports entrepreneurship through technology development
and contributes to enhance both creativity and innovation.
During the event, Attijariwafa bank and PayPal, have officially lanched an exclusive service that will enable Moroccan
merchants to withdraw funds from their PayPal accounts to an Attijariwafa bank account, in Dirham and other currencies.
The new service, Attijari-PayPal, the first in Maghreb, is expected to boost e-commerce opportunities in Morocco, as it allows
PayPal merchant speedier and easier access to their PayPal funds.
Overall, Attijari-PayPal will give merchants more control over their cash flow; something that is especially important for small
businesses and start-ups that need access to capital. “One of our strategic objectives at Attijariwafa bank is to enable the
growth of international e-commerce and support small and large enterprises in accessing foreign markets” said M. Ismail
Douiri, Managing Director (Co CEO) of the group Attijariwafa bank in charge of Finance, Technology and Operations Division.
“Our exclusive partnership with PayPal empowers local merchants and start-ups by providing regulatory and safe access to
their funds” commented M.Ismail Douiri.
Merchants can now register for this service by visiting their nearest Attijariwafa bank branch.
“We expect the introduction of this feature to significantly empower e-commerce in Morocco and one day Africa,” commented
Kivanc Onan, the Managing Director of PayPal MENA& Turkey. “One of the biggest challenges facing any online business
is access to payments, and we believe PayPal’s partnership 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 partnership 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,” concluded Kivanc.
The service launch coincides with an incredible growth of e-commerce worldwide, with an increasing number of websites
offering products for foreign consumers.
Through this partnership, Attijariwafa bank Group claims its willing to support small and midsized companies along with
their growth and actively contribuate to the e-commerce and export development in Morocco.
About Attijariwafa bank
Attijariwafa bank is the largest bank in Morocco, in the Maghreb region and Western and Central Africa: Listed on the
Casablanca Stock Exchange, Attijariwafa bank is a banking and financial reference group in Africa.
The Group employs 16, 286 people and has over 7 million customers.
Engaged in a dynamic regional expansion strategy, Attijariwafa bank is heavily involved in supporting and accompanying
economic operators. Based in Morocco, the Group operates in 22 countries through bank majority owned subsidiaries :
- In Africa: Tunisia, Mauritania, Senegal, Burkina Faso, Guinea Bissau, Mali, Ivory Coast , Congo, Gabon, Cameroun,
Niger ,Togo.
- In Europe: France, Belgium, Germany, Italy, Spain, Netherlands.
- It is also present through representative offices in London, Dubai, Tripoli, Riyad.
For more information visit our website : www.attijariwafa.com
About PayPal
PayPal is the faster, safer way to pay and get paid online, via a mobile device and in store. The service gives people simpler
ways to send money without sharing financial information, and with the flexibility to pay using their account balances, bank
accounts, credit cards or promotional financing. With 157 million active accounts in 203 markets and 26 currencies around
the world, PayPal enables global commerce, processing more than 9 million payments every day. Because PayPal helps
people transact anytime, anywhere and in any way, the company is a driving force behind the growth of mobile commerce
and processed $27 billion in mobile payments in 2013. PayPal is an eBay (Nasdaq:EBAY) company and contributed 41 percent
of eBay Inc.’s revenues in 2013. PayPal is headquartered in San Jose, Calif. and its international headquarters is located in
Singapore. More information about the company can be found at www.paypal.com.
Attijariwafa bank press contact
Mariam El Khalifa
M: +212 6 47 47 32 48
[email protected]
PayPal press contact
Helen Pickerill
Senior Account Manager
T: +971 4 375 8951
M: +971 522 914 747
[email protected]
Attijariwafa bank, PayPal’s
exclusive partner in Morocco