Mobile payment activation below 30% in Morocco, Bank Al-Maghrib regrets
In Morocco, the rate of mobile payment activation remains low at just 10%, while the use of bank cards for digital transactions, though increasing, doesn't exceed 30%, according to Bank Al-Maghrib Managing Director Abderrahim Bouazza.
Despite significant advancements in payment methods, including faster and smoother options like internet payments, mobile payments (introduced in 2017), contactless payments (boosted by the pandemic), and instant transfers (launched in 2023), Bank Al-Maghrib's