🇲🇦MoroccoNorth Africa
Morocco aims to equip 100,000 local merchants with electronic payment solutions
via Le Matin2 min read
Al Barid Bank, Barid Cash, the Chari platform, and the Ministry of Industry and Commerce have formed a strategic partnership to enhance digital payment adoption in Morocco, with the goal of equipping 100,000 local merchants with electronic payment solutions. This initiative, formalized at the National Trade Forum in Marrakech, seeks to facilitate access for small merchants to digital payment tools, including Visa and Mastercard acceptance, to streamline transactions and reduce reliance on cash. The agreement was signed by Ryad Mezzour, Minister of Industry and Commerce; Al Amine Nejjar, Chairman of the Management Board of Al Barid Bank; Adil Chraibi, CEO of Barid Cash; and Ismael Belkhayat, Chairman and CEO of Chari. This collaboration also aims to transform local businesses into financial service hubs, enabling them to offer bill payments, phone recharges, and other digital financial services. The trade sector contributed 169 billion dirhams to Morocco's GDP in 2024, representing 10.6% of the GDP and over 1.6 million jobs. This partnership aligns with the Morocco Trade 2030 roadmap, which emphasizes digitalization, financial inclusion, and the modernization of local commerce. Additionally, the Ministry plans to use the MRTB platform to further digitalize the sector, with a second phase from 2025 to 2027 supporting 300 startups and providing digital solutions to 100,000 more merchants. Separately, an agreement was signed between the Ministry of Industry and Commerce, ANAPEC,
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This summary was AI-generated from a story originally published by Le Matin.
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