Stagnation in ATM expansion in Morocco, with 0.2% increase in installation by 2023

Stagnation in ATM expansion in Morocco, with 0.2% increase in installation by 2023
Sunday 26 November 2023 - 18:13

The Interbank Electronic Banking Center reported that the automated teller machine system (ATMs) installed 13 new automatic bank windows during the first nine months of 2023.

The Center explained, in its latest report on monetary activity in Morocco, that “the expansion of the system of ATMs during the first nine months of the year 2023 (without taking into account replacement operations) witnessed stagnation, as the system includes 8,176 ATMs,an expansion of 0.2 percent compared to December 31, 2022.

The cities best equipped with ATMs are Casablanca with a total of 1,593 , Marrakesh (695), Rabat (617), Tangier (478), Agadir (449), and Fez (390).

By September, this system had achieved a total of 309.1 million withdrawals, made via Moroccan and foreign bank cards, an increase of 13.5 percent, with a total value amounting to 311.5 billion dirhams (plus 15.7 percent).

This relates to an average monthly activity equivalent to 4,091 withdrawals with a total value of 4 million dirhams per automatic counter.

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