Moroccan bank launches international transactions online

The Moroccan Bank for Commerce and Industry (BMCI) launched in collaboration with French BNP Parisbas bank, Morocco's first portal to conduct international trade transactions, announced BMCI on Tuesday.

The new portal, dubbed Connexis Trade, allows corporate customers to handle their trade transactions on line. It will be an active interface between firms and the bank via the internet, BMCI executives told a press conference.

The new product will start this June 9 and will be supported by an important communication campaign, they went on.

BMCI will test the new product in a bunch of enterprises installed in Morocco for an 8-month period to make sure that it meets the needs of Moroccan enterprises and requirements of international trade in the country.

BMCI officials underlined that the product offered by the electronic network is currently being used by BNP Parisbas in France, Hong Kong, Canada, Singapore, Tunisia, Lebanon and Bahrain.