Mobile payment

Articles

• Afriquia Introduces Mobile Payments Across Fuel Stations and Retail Outlets
  14 June 2020, by Bladi.net

  To meet an increasingly present need in the national market, Afriquia, the national operator specialized in the distribution of fuels and liquefied petroleum gas, butane and propane, wants to move to mobile payment in its service stations.
  Afriquia SMDC, Afriquia Gaz, AutoGo, Oasis Café, Mini Brahim and all Gas distributors (Allo Gaz and grocery stores) will now be able to accept this mobile payment method for services. For the group, this new benchmark payment method allows users to pay (…)

• Morocco’s Central Bank Launches Video Campaign to Promote Mobile Payments
  16 February 2021, by Bladi.net

  Bank Al-Maghrib (BAM) has posted a promotional video on YouTube to promote mobile payment and money transfer operations (Maroc Pay).
  This over two-minute capsule presents the many advantages of mobile payment to its customers. It is available in Darija, Amazigh and sign language.
  It is an educational video that simply explains the steps to obtain an electronic wallet, backed by a bank account or a payment account opened with payment institutions to make mobile payments.

• Nationwide Card Payment Outage Hits Morocco, Disrupts Retail Transactions
  17 November 2022, by Armel

  On Wednesday evening, payments by Moroccan bank cards on the internet experienced significant disruptions. This failure would be due to a computer failure of the National Switch.
  According to the MAP, between 4 and 5 pm, payment terminals (POS) in most stores in the country were not operational. The bug caused the cessation of transaction operations.
  A statement from the Interbank Monetary Center (CMI) later explained that it was a technical problem at the HPS Switch level, which allows (…)

• Morocco Embraces Digital Payments as Cash Use Plummets During Pandemic
  16 July 2021, by Armel

  The improvement in technology and security measures generated by the Covid crisis have fostered the confidence of Moroccans in digital payments. Growth is expected to continue even after the epidemic.
  According to the Visa and HPS survey, Moroccan consumers are moving further and further away from cash and are trusting digital payments in stores and online during the pandemic.
  The survey reveals that while the use of cash, especially for delivery, continues to decline (-86%), e-commerce (…)

• Morocco Tightens Customs Rules on AliExpress and Shein Imports to Combat Tax Evasion
  18 June 2022, by Armel

  Packages under 2000DH were previously exempt, but that’s over. A new draft decree number 2.22.438 was adopted on Thursday in the Council of Government, amending the previous provision on the matter, of the Customs Code.
  By imposing these new taxes, the executive intends to better control foreign e-commerce platforms, particularly Chinese ones, and more effectively fight the anti-competitive practices of their sellers who were exempting themselves from customs duties, notably by splitting (…)

• Morocco to Launch Instant Bank Transfers by End of 2022, Central Bank Says
  23 July 2022, by Armel

  Bank Al-Maghrib has announced the launch of instant bank transfer in Morocco by the end of the year.
  The process of modernizing bank transfers seems to be on the right track. The instant transfer should be launched soon, according to Adil Zbir, head of oversight of financial market infrastructures and payment systems at Bank Al-Maghrib.
  Speaking on a panel at the US-Africa Business Summit, held on July 21 in Marrakech, the official stressed that the transfer has positioned itself as the (…)

• Morocco’s Bank Card Usage Surges 4.1% in 2021, Reaching 17.9 Million
  26 July 2022, by Armel

  As of December 31, 2021, the cards issued by Moroccan banks reached 17.9 million cards, up 4.1% from a year earlier. More than half of the cards are used for cash withdrawal operations.
  The payment card sector experienced a remarkable recovery in 2021, said Bank Al-Maghrib (BAM), which unveiled its annual report on banking supervision on Monday in Casablanca. This growth is attributable to the good results of the agricultural campaign, favoring a rebound in the Moroccan economy, the note (…)

• Online Shopping Surges in Morocco and Middle East Amid COVID-19 Pandemic
  28 November 2020, by Bladi.net

  Card payments have seen sustained growth during the health crisis due to coronavirus. Nearly 73% of consumers have adopted it in Africa and the Middle East, according to a recent Mastercard study.
  Since the appearance of the first active cases, consumers have adopted this payment method for their essential needs, including data recharges, clothing, food, banking services and healthcare. These segments have seen the strongest growth, the same source specifies.
  For Mastercard, more than (…)

• Morocco Raises Contactless Payment Limit to 600 Dirhams, Visa Announces
  10 March 2021, by Jérôme

  Visa and the Moroccan Interbank Monetary Center (CMI) have just announced the increase of the card verification limit to 600 dirhams in Morocco. A change that will allow consumers to make large purchases without entering the PIN code and contactlessly.
  From now on, with their mobile phone or wearable device, consumers have the possibility to make an important purchase, to carry out a contactless transaction without a PIN code. Visa and CMI are working closely with local banks and (…)