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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
Back to mapCategory | MarocPay |
---|---|
Geographic reach | Domestic |
Geographic description | Morocco |
Scheme governance | Economic Interest Grouping (EIG) |
Settlement agent | Bank Al-Maghrib |
Participants - commercial banks | N/A |
Participants - MMOs | N/A |
Participants - non-bank PSPs | N/A |
Participants - MFIs | N/A |
Volumes 2018 | 303,122 |
Volumes 2019 | 767,504 |
Volumes 2020 | 1,400,000 |
Volumes 2021 | 2,207,835 |
Values 2018 | 26,129,073 USD |
Values 2019 | 66,158,812 USD |
Values 2020 | 120,610,205 USD |
Values 2021 | 190,315,353 USD | Governance Typology | Private association | Messaging standard | N/A |
Types of proxy IDs | mobile number |
Use of open APIs | N/A |
QR code standard | N/A |
Pro-poor governance | No |
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