Morocco: E-banking activity rose to 325.9 Mln transactions at end of September

The overall achievements of the electronic banking activity in Morocco reached 325.9 million transactions that totaled 275 billion dirhams in the first nine months of 2021, according to the Interbank Electronic Banking Center (CMI).

This activity, which includes cash withdrawal operations on the ATM network, payment operations in shops and online, payment operations on ATMs and Cash Advance operations by bank cards in Morocco, shows an increase of 19.1% in number of operations and 16.7% in amount compared to the same period of 2020, says the CMI in its latest report.

As far as Moroccan cards are concerned, they recorded, in payments and withdrawals, 316.9 million transactions for an amount of MAD 264.5 bln, an increase of +19.1% in terms of number of transactions and +16.8% in terms of total amount of transactions, the report points out.

These transactions are divided between cash withdrawals (75.4% as a percentage of the number of transactions and 88.9% as a percentage of the amount), payments at merchants and e-merchants (24.1% as a percentage of the number of transactions and 11% as a percentage of the amount), and ATM payments (0.4% as a percentage of the number of transactions and 0.1% as a percentage of the amount).