Online card payments increase in Morocco

Jun 11, 2012

New figures released on May 30th by the Moroccan Minister for Commerce, New Technologies and Industry reveal that online card payments have significantly increased in Morocco.

New figures released on May 30th by the Moroccan Minister for Commerce, New Technologies and Industry reveal that online card payments have significantly increased in Morocco.

They are up by 71.3 percent during the first quarter of 2012 compared to the same period last year and are now reaching a volume of Dh 161.18 million
(€14.6 million), Ecofin news agency reports.

According to the ministry, these results are due to a broader deployment of electronic payment systems by businesses and a change in Moroccan customers behaviour.

The increase of online card payments is a credit to the efforts of the Centre for Interbank Cashless Transactions (Centre Monétique Interbancaire - CMI), according to its new General Director Mikael Naciri.

Created by nine Moroccan banks, the CMI manages cashless transactions with Moroccan businesses and processes interbank withdrawals.

He told Le Matin newspaper that the CMI will keep on encouraging retailers and small businesses to accept card payments and create awareness among bank card holders of the benefits of using their card as a payment method.ADNFCR-2976-ID-801381217-ADNFCR