Moroccan E-commerce: 9.4 million transactions worth MAD3.8 billion dirhams in the first six months of 2021

The Interbank Electronic Banking Center stated that during the first half of 2021, centers and stores affiliated with the center recorded a total of 9.4 million electronic payment transactions using Moroccan and foreign bank cards, with a total value of 3.8 billion dirhams.

The center explained, in a report on monetary activity for the first six months of this year, that the activity of participating commercial sites recorded an increase of 55.5% in terms of number and 31.8% in terms of total financial value, and compared to the same period in 2020, it added that the activity of electronic payment by cards Morocco increased by 57.1 percent to 9.1 million transactions, and by 34.4 percent at the level of the total financial value to 3.6 billion dirhams.

 The electronic performance activity with foreign cards witnessed a growth of 18.6% in the number of transactions, recording 308 thousand transactions in the first half of 2021, indicating the dominance of Moroccan cards over electronic financial transactions by 96.7% in terms of financial transactions. Number and 95.6% by value.

The shops and e-commerce participating in the cash center recorded 50.4 million transactions using Moroccan and foreign bank cards, with a total value of 20.4 billion dirhams, representing an increase of 34.3 percent in number and 6.6 percent in value.

Electronic payments with Moroccan and foreign cards were distributed, in terms of volume, to major distributors (26%), clothing (11.4%), stations (7.1%), furniture and household appliances (5.8%), and restaurants (5.8%). %). 4%), health (5.4%), e-wallet recharge (5%), and other sectors (33.9%).

 Reliance on contactless performance has increased, with the rate of contactless transactions increasing from 7.6% in number, and from 2.9% in value during the first half of 2020 to 28.9% in number and 13.4%. % of value during the same period in 2021