Morocco's electronic payment activity in 10 key points

In its report pertaining to the first nine months of 2022, Interbank Electronic Payment Center published a round-up electronic payment activity in Morocco.

1- The overall achievements of electronic payment activity reached 381.4 million operations for a total amount of 315.3 billion dirhams (MMDH). Activity is up 17% in number of transactions and 14.6% in amount compared to the end of September 2021.

2- Moroccan cards recorded, in payments and withdrawals, 364.5 million operations for 295.2 billion dirhams, up 15% in number and 11.6% in amount. Foreign cards recorded, in payments and withdrawals, 16.9 million operations for 20.1 billion dirhams (+88.8% in number and +89.7% in amount).

3- The number of bank cards issued by Moroccan issuers reached 19.1 million bank cards in circulation, including already more than 13.4 million cards with contactless functionality.

4- Merchant sites and sites of billers affiliated with the CMI carried out 20.4 million online payment transactions via bank cards, Moroccan and foreign, for a total amount of 7.1 billion dirhams.

5- The online payment activity of Moroccan cards increased in number by 36.2% to 19.5 million transactions and by 20.7% to 6.4 billion dirhams in amount. Online payment activity for foreign cards increased by 61.8% to 904,000 transactions for an amount of 606.1 million dirhams (+89.8%).

6- Merchants and e-Merchants affiliated with the CMI recorded 108.6 million payment transactions, by Moroccan and foreign bank cards, for 46.5 billion dirhams, up 33.9% in number and 39.7% in amount.

7- The ATM network (automated teller machines) in Morocco saw the installation of 145 new ATMs during the first nine months of this year (without taking replacements into account), i.e. an extension of 1.8% compared to December 31 2021.

8- The best equipped cities are Casablanca with 1,573 ATMs, Marrakech (702), Rabat (663), Tangier (495), Agadir (443) and Fez (416).

9- The ATM network carried out 271.7 million withdrawals made by Moroccan and foreign bank cards, up 11.6% for 268.5 billion dirhams, up 11.1%, i.e. an average monthly activity of 4,526 withdrawal operations for 4.4 million dirhams for each ATM.

10- The ratio of the number of cards issued in Morocco by ATM, defined by the ratio of outstanding Moroccan bank cards to the number of ATMs installed, stands at 2,346.