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Morocco

MarocPay

Scheme name: MarocPay

IIPS Type: Cross-domain

Instruments: E-money

Channels: App, POS, ATM, Branch, Agent

Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G), Fees & taxes (P2G), Social disbursements (G2P), Inventory & business services (B2B)

Inclusivity level: Basic

Year of establishment: 2018

System owner: Bank Al-Maghrib

Overseer: Bank Al-Maghrib

Operator: HPS Switch

Total Participants: 23

Back to mapMore information about this topic
CategoryMarocPay
Geographic reachDomestic
Geographic descriptionMorocco
Scheme governanceThe Moroccan Mobile Payment Group (GP2M)
Settlement agentBank Al-Maghrib
Participants - commercial banks8
Participants - MMOs0
Participants - non-bank PSPs15
Participants - MFIs0
Values 2023 not-on-us transactions (US$)غير متوفر USD
Values 2023 on-us transactions (US$)N/A
Total value of instant payment transactions 2023 (US$)N/A
Interoperability arrangementPayment system operator
Ownership modelRegulator-owned
Governance TypologyPrivate association
Scheme rules shared or publically available?No
Messaging standardN/A
Types of proxy IDsMobile phone number; QR code
Use of open APIsN/A
QR code standard N/A
Pro-poor governanceYes
CB governance involvementYes
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)No
RecourseNo
Not-for-lossNo
StatusAlmost at basic level
Strengths/driversMinimum use case is already enabled but still need enablement of minimum channel. Fulfilment of some progressed and mature level criteria also provides a good base to progress further on the inclusivity spectrum.
Areas of developmentTo reach basic criteria the system should enable the minimum channel, i.e. enabling banks in addition to mobile money.

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