Status
Operating at scale
If a RTPS exists
Yes
Vision: PSP interoperability
Unknown
Name (Payment)
Marocpay,Virement Instantané
URL (Payment)
https://marocpay.ma/
Region
Africa
# of participants
?- 23,?- 19
AML law
Yes
Bank participation in network
YesYes
Centralised fraud management system?
Unknown
Consumer protection law
Yes
Governor
Central bank/ Financial regulator
Non-bank participation in network
YesNo
Notes
UNDP report: few non bank payment institutions, thriving finance innovation ecosystem
Offline transactions
Unknown
Operator
Commercial bank/ Private PSPCentral bank
QR-based transactions
Unknown
Reporting forum/ website/ form
Unknown
Rules: data handling rules for PSPs, users
Unknown
Rules: data leak notifications
Unknown
Rules: participation conditions
UnknownUnknown
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
Unknown,Unknown
Transaction cost
Unknown,Unknown
Transaction types
P2P
P2MUnknown
Value (Year-USD)
2020- 1.4 million transactions (mWallets), valued at about $44.25 M. 51% of these carried out through m-wallets issued by payment institutions (against 49 percent by m-wallets backed by bank accounts). # of wallets has increased 153 percent between 2019 and 2020, transaction volumes have remained low (USAID, 2022),2019- USD 66 M
Volume (Year- Volume)
2019- 767 K