- Business
- Cash Plus S.A. is a Morocco-based payment institution and diversified financial services provider that specializes in money transfer, digital payment solutions, multi-utility bill collection, and retail transaction management. The company operates a comprehensive multi-service branch network and a suite of digital applications designed to serve underbanked individuals, retail consumers, micro-enterprises, and commercial merchants.
The company offers a broad portfolio of financial and retail transaction products, organized across key service lines: domestic and international money transfer services, provided through proprietary channels as well as global remittance partnerships with operators including Western Union, MoneyGram, and Ria Money Transfer; payment institution and digital wallet solutions, comprising the Cash Plus mobile application, digital transaction accounts, and prepaid payment cards interoperable with national switch systems and international payment schemes for peer-to-peer transfers, POS transactions, e-commerce checkout, and ATM withdrawals; utility and recurring bill payment processing, facilitating settlement for electricity, water, telecommunications, internet, and highway toll services; public administration and taxation collection services, including motor vehicle tax (vignette), municipal duties, civil registration fees, and national social security contributions; foreign currency exchange and bureau de change operations; micro-insurance brokerage and supplementary financial facilitation products; and e-commerce logistics, express parcel delivery, and cash-on-delivery (COD) fulfillment solutions operated through its retail points of presence.
In recent developments, Cash Plus S.A. has significantly accelerated its fintech transformation through the continuous enhancement of its mobile neo-banking platform, introducing digital customer onboarding, instant account-to-account transfers, contactless payment capabilities, and virtual card issuance. The company has reinforced its supply chain and parcel management operations by scaling its express parcel delivery and pickup-dropoff network to capture growing demand in the domestic e-commerce sector. Furthermore, Cash Plus has expanded its cross-border remittance integrations via partnerships with international digital financial platforms, augmented its corporate B2B payment collection interfaces, and broadened its domestic agency footprint to over three thousand points of sale across urban and rural regions following strategic capital injections and equity partnerships with institutional investment funds.
Founded in 2004, Cash Plus S.A. is headquartered in Casablanca, Morocco.