Al Barid Bank and Chari partner to digitalize payments in Morocco

Al Barid Bank and Chari have formed a partnership to digitalize payments in Morocco, focusing on two main areas: acquiring electronic payments and distributing payment services and financial flow management. Chari Money and Barid Cash are also collaborating to expand access to electronic payment solutions for Moroccan merchants. Through this partnership, CHARI will distribute Barid Cash's acceptance solutions, including POS terminals, SoftPOS, and e-commerce platforms. The technological platforms will be interconnected to enable national and international online payments, and merchants will receive comprehensive support from onboarding to operational assistance. This model combines Barid Cash's physical network with Chari's technological agility. The partnership also covers cash-in and cash-out operations via Barid Cash's physical and digital channels. Chari will offer its users cash payments at branches, secure transfers and disbursements, and seamless flow management among customers, merchants, and partners. By combining their expertise, Chari and Al Barid Bank aim to accelerate the adoption of digital payments in Morocco, facilitate access to financial services for merchants and underbanked populations, and strengthen the national payment ecosystem in line with international standards. Al Barid Bank will provide CHARI with its payment infrastructure, including Visa and Mastercard payment networks. Al Amine Nejjar, Chairman of the Management Board of Al Barid Bank, stated t