First Independent Mena Newspaper
Morocco has achieved significant progress in expanding digital financing and promoting access to financial services, according to a new United Nations Economic and Social Commission for Western Asia (ESCWA) report. The Kingdom, alongside Jordan and Egypt, stands out for implementing innovative regulatory reforms despite challenging regional conditions, as noted in the “Annual Review of Sustainable […]
Maroc Telecom company has partnered with Visa Corporation to enhance digital payments and financial inclusion in Morocco and across the African subsidiaries of the major telecommunications company in the North African Kingdom. Thanks to this partnership, the users of MT Cash, Maroc Telecom’s Mobile Money solution, will benefit from the Visa payment services. This strategic […]
Finance minister Nadia Fattah Alaoui said the introduction of cryptocurrencies in Morocco would help promote financial inclusion provided they are governed by a sound legal framework. The Moroccan central bank said a draft law was undergoing the process of adoption ending a ban that has been in place since 2017. The central bank was also […]
Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, cited, on Saturday in Marrakech, Morocco’s financial inclusion strategy as an example of a “comprehensive” strategy reflecting the Moroccan government’s determination. “To accelerate the process of financial inclusion, governments need to show more determination by putting in place comprehensive national strategies like the Moroccan financial […]
The OPEC Fund for International Development has lent Morocco $100 million to enhance financial inclusion, modernize the economy and mitigate the impact of Covid-19 pandemic. The loan, supported by the World Bank, will enable Morocco implement reforms to provide households and firms with affordable, transparent and sustainable financial services. It aims to ensure financial inclusion […]
The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]