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Morocco

MarocPay

Scheme name: MarocPay

IIPS Type: Cross-domain

Instruments: Card

Inclusivity level: Basic

Year of establishment: 2018

System owner: Bank Al-Maghrib

Overseer: Bank Al-Maghrib

Operator: HPS Switch

Total Participants: 23

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CategoryMarocPay
Geographic reachDomestic
Geographic descriptionMorocco
Scheme governanceThe Moroccan Mobile Payment Group (GP2M)
Settlement agentBank Al-Maghrib
Participants - commercial banks11
Participants - MMOs0
Participants - non-bank PSPs12
Participants - MFIs0
Volumes 2018303,122
Volumes 2019767,504
Volumes 2020N/A
Volumes 2021N/A
Values 201826,129,073 USD
Values 201966,158,812 USD
Values 2020N/A
Values 2021N/A
Values 2022N/A
GNI (%)N/A
Interoperability arrangementThird party
Ownership modelRegulator-owned
Governance TypologyPrivate association
Messaging standardN/A
Types of proxy IDsMobile number
Use of open APIsN/A
QR code standard N/A
Pro-poor governanceNo
CB governance involvementNo
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)Yes
RecourseNo
Not-for-lossNo

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