Select Countries and Regions

Morocco

MarocPay

Scheme name: MarocPay

IIPS Type: Cross-domain

Instruments: E-money

Channels: Agent, Branch, App, POS, ATM, QR

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 map
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$)N/A
Values 2023 on-us transactions (US$)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.

African IPS Map

Selected Country
Live IPS
IPS in development
No data
Select region to view data