Payments/MA
Morocco
ISO MA · 3 schemes
Summary
- Maroc Pay national QR standard (CMI)
- 8+ million m-wallet holders
- CMI interbank center (2004)
- Mastercard partnership (2024)
- Multiple wallet ecosystem
Banking landscape
Central Bank
- Name: Bank Al-Maghrib (BAM)
- Website: https://www.bkam.ma/
- Role: Monetary policy, payment oversight
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Attijariwafa Bank | Local | AWB App |
| 2 | BMCE Bank (BOA) | Local | BMCE Mobile |
| 3 | Banque Populaire | Local | BP Mobile |
| 4 | CIH Bank | Local | CIH Mobile |
| 5 | Crédit Agricole | Local | CAM App |
Market Structure
- CMI: Interbank center (2004)
- 9 founding banks: Shareholders
- Maroc Pay: National QR
- 8M+ wallets: m-wallet holders
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| CMI | Interbank | Acquiring | Leader |
| Maroc Pay | CMI | QR Mobile | Active |
| Maroc Telecommerce | CMI (merged) | E-commerce | Active |
| Bank Cards | Various | Visa/MC | Active |
CMI History
- Founded 2004 by 9 Moroccan banks
- Historical payment acquirer and leader
- Merged Maroc Telecommerce (2016)
- Major e-commerce player
Maroc Pay Activation
- Mobile payment service by CMI
- 8+ million wallet holders
- Financial ecosystem advancement
- Financial inclusion commitment
QR code standards
Maroc Pay QR
| Attribute | Value |
|---|---|
| Operator | CMI |
| Users | 8+ million wallets |
| Type | Mobile QR |
| Acceptance | CMI terminals |
Maroc Pay Features
- Secure mobile payment
- Rapid transactions
- All purchase types
- All mobile devices
- QR code display on POS
Payment Flow
- POS displays QR code
- QR identifies merchant + transaction
- M-wallet app scans code
- Payment confirmation
- Real-time processing
CMI Terminal Capabilities
- Contactless cards
- Mobile contactless (NFC)
- QR code payments
- Deployed June 2020
- Multi-method acceptance
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| CIH Mobile | CIH Bank | Yes | Wallet + QR |
| Jibi | Fintech | Yes | M-wallet |
| Inwi Money | Inwi | Yes | Telecom wallet |
| MT Cash | Maroc Telecom | Yes | Telecom wallet |
| Orange et moi | Orange | Yes | Maroc services |
| Filahi Pay | CAM | Yes | Agricultural |
M-Wallet Ecosystem
- Multiple wallet issuers
- CMI acceptance unifies
- Maroc Pay QR standard
- 8+ million total holders
LabelVie Partnership
- All LabelVie stores
- CMI mobile payment
- June 2020 launch
- Retail expansion
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| Maroc Pay | Mobile QR | CMI | 8M+ wallets | maroc-pay |
| CMI Cards | Card | Co-badge | Active | — |
| Mastercard | International | Partner | 2024 | — |
Sources
- CMI - Maroc Pay
- CMI Official
- CMI - Maroc Telecommerce
- Mastercard - CMI Partnership
- LabelVie - CMI Partnership
- NORBr - Morocco Payments
- EPI - Morocco COVID Payments
- GoMoroccoNow - Payment Methods
Full country report
Schemes
Standards
Primary · 1
Mentioned · 1