TerraPay announced its partnership with Attijariwafa bank, Morocco's banking group by market capitalization, to facilitate real-time and seamless global money transfers directly to the bank accounts in Morocco. This partnership will empower Attijariwafa bank to tap into TerraPay's well-entrenched global partner networks and receive inbound cross-border payments from various send partners across 200 countries. Through this collaboration, TerraPay will be able to leverage Attijariwafa bank's expertise in person-to-person payments and its strong presence in the region to further expand its network in Morocco.

Morocco is the third larger remittance receiver in Africa (after Nigeria and Egypt) and a constantly expanding market. Money transfers from Moroccan diaspora members reached MAD 93.3 billion ($9.95 billion) at the end of December 2021 compared to MAD 68.18 billion ($7.27 billion) in 2020 experiencing an increase of 36.8% or MAD 25.07 billion ($2.67 billion).