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Morocco

MarocPay

Scheme name: MarocPay

IIPS Type: Cross-domain

Instruments: E-money , Card

Channels: Browser , Apps , POS , QR , ATM , Branch , Agent

Use cases: Transfers & remittances (P2P) , Merchant payments (P2B) , Fees & taxes (P2G) , Social disbursements (G2P) , Business purchases (B2B)

Inclusivity level: Basic

Year of establishment: 2018

System owner: Bank Al-Maghrib

Overseer: Bank Al-Maghrib

Operator: HPS Switch

Total Participants: N/A

Volumes 2021: 2,207,835

Values 2021: 190,315,353 USD

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CategoryMarocPay
Geographic reachDomestic
Geographic descriptionMorocco
Scheme governanceEconomic Interest Grouping (EIG)
Settlement agentBank Al-Maghrib
Participants - commercial banksN/A
Participants - MMOsN/A
Participants - non-bank PSPsN/A
Participants - MFIsN/A
Volumes 2018303,122
Volumes 2019767,504
Volumes 20201,400,000
Volumes 20212,207,835
Values 201826,129,073 USD
Values 201966,158,812 USD
Values 2020120,610,205 USD
Values 2021190,315,353 USD
Governance TypologyPrivate association
Messaging standardN/A
Types of proxy IDsmobile number
Use of open APIsN/A
QR code standard N/A
Pro-poor governanceNo

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