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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 mapCategory | MarocPay |
---|---|
Geographic reach | Domestic |
Geographic description | Morocco |
Scheme governance | The Moroccan Mobile Payment Group (GP2M) |
Settlement agent | Bank Al-Maghrib |
Participants - commercial banks | 8 |
Participants - MMOs | 0 |
Participants - non-bank PSPs | 15 |
Participants - MFIs | 0 |
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 arrangement | Payment system operator |
Ownership model | Regulator-owned |
Governance Typology | Private association |
Scheme rules shared or publically available? | No |
Messaging standard | N/A |
Types of proxy IDs | Mobile phone number; QR code |
Use of open APIs | N/A |
QR code standard | N/A |
Pro-poor governance | Yes |
CB governance involvement | Yes |
Expanded use Cases | No |
Minimum channel functionality | Yes |
Minimum use case functionality | Yes |
All licensed PSPs can participate (all-to-all interoperability) | No |
Recourse | No |
Not-for-loss | No |
Status | Almost at basic level |
Strengths/drivers | Minimum 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 development | To reach basic criteria the system should enable the minimum channel, i.e. enabling banks in addition to mobile money. |
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