Morocco Cards and Payments: Opportunities and Risks to 2030

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GlobalData’s ‘Morocco Cards and Payments: Opportunities and Risks to 2030' report provides detailed analysis of market trends in Morocco cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, cards, direct debits, and cheques during the review-period (2022–26e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2026e–30f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

GlobalData’s ‘Morocco Cards and Payments: Opportunities and Risks to 2030' report provides top-level market analysis, information and insights into Morocco cards and payments industry, including –
• Current and forecast values for each market in Morocco cards and payments industry, including debit and credit cards.
• Detailed insights into payment instruments including cash, credit transfers, cards, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
• Ecommerce market analysis.
• Analysis of various market drivers and regulations governing Morocco cards and payments industry.
• Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• The competitive landscape of Morocco cards and payments industry.

Scope

Card market size in terms of number of cards, value and volume of transactions in Morocco along with detailed card segmentation of debit and credit cards available in the country.

Market sizing and analysis of major payment instruments including cash, credit transfers, cards, direct debits, and cheques.

Payment market trends and growth for both historical and forecast period.

Competitor analysis with detailed insights into leading card issuers and schemes.

Comprehensive analysis of consumer attitudes and buying preferences for cards.

A detailed snapshot of country's key alternative payment brands.

Key Highlights

Virement Instantane is Morocco’s instant fund transfer system. It was launched in June 2023 by the BNM and Group for a Moroccan Interbank Clearing System (Groupement pour un Système Interbancaire Marocain de Télécompensation [GSIMT]) allowing users to transfer money from one bank account to another within 20 seconds. To make the payment, the account holder needs to provide their full name, Bank Identification Statement, and the transfer amount in the medium of payment, such as mobile application, website or branch network. Users can also make the transfers via payment cards by registering them. This platform complies with the ISO 20022 international messaging standard.

Financial inclusion is the main priority in the country. The Central Government is taking initiatives to promote electronic payments in the country. In August 2025, the Central Bank launched “Digital Morocco 2030”. This strategy aims to digitalize public services with the goal of driving economic growth, enhancing public services, and fostering a dynamic digital economy. Furthermore, in February 2026, the Moroccan Ministry of Tourism, in partnership with Attijariwafa Bank and Visa, launched the “Stay Cashless” program, to accelerate digital payments in the tourism sector. This. initiative enables solutions such as tap-on-phone, pay-by-link, and dynamic currency conversion, allowing tourists to make secure, cashless payments across hotels, restaurants, and other services, while supporting small businesses in adopting a digital payment infrastructure.

The digitalization of banking services is also driving financial inclusion and debit card adoption. To capitalize, in February 2026, Saham Bank introduced nabD, a fully-digital banking service in Morocco, following its acquisition of Societe Generale Maroc in 2024. The new platform is designed for mobile use, and enables users to open accounts, apply for a debit card, as well as perform routine banking tasks without visiting a branch.

Reasons to Buy

Make strategic business decisions, using top-level historic and forecast market data, related to Morocco cards and payments industry and each market within it.

Understand the key market trends and growth opportunities in Morocco cards and payments industry.

Assess the competitive dynamics in Morocco cards and payments industry.

Gain insights into marketing strategies used for various card types in Morocco.

Gain insights into key regulations governing Morocco cards and payments industry.

Banque Populaire
Attijariwafa Bank
Bank of Africa
Credit Agricole
CMI
Visa
Mastercard

Table of Contents

Table of Contents

1. Executive Summary

2. Macroeconomics, Regulation, and Infrastructure

3. Payment Instruments

4. Card-Based Payments

5. Instant Payments

6. Digital Wallet Payments

7. Ecommerce Payments

8. Appendix

Table

Key facts, 2025

Payment instrument transaction values (LCU), 2022-2030f

Payment instrument transaction values ($), 2022-2030f

Payment instrument transaction volumes (units), 2022-2030f

Payment cards in circulation by type (units), 2022-2030f

Volume of payment card transactions (units), 2022-2030f

Value of payment card transactions (LCU), 2022-2030f

Value of payment card transactions ($), 2022-2030f

Debit cards in circulation (units), 2022-2030f

Debit card transaction volumes, 2022-2030f

Debit card transaction values (LCU), 2022-2030f

Debit card transaction values ($), 2022-2030f

Debit cards in circulation by scheme (units), 2022-26e

Debit card transaction values by scheme (LCU), 2022-26e

Debit card transaction values by scheme ($), 2022-26e

Debit cards in circulation by issuer (units), 2022-26e

Debit cards transaction value by issuer (LCU), 2022-26e

Debit cards transaction value by issuer ($), 2022-26e

Credit cards in circulation (Units), 2022-2030f

Credit card transaction volumes, 2022-2030f

Credit card transaction values (units), 2022-2030f

Credit card transaction values ($), 2022-2030f

Credit cards in circulation by scheme (units), 2022-26e

Credit card transaction values by scheme (LCU), 2022-26e

Credit card transaction values by scheme ($), 2022-26e

Credit cards in circulation by issuer (units), 2022-26e

Credit cards transaction value by issuer (LCU), 2022-26e

Credit cards transaction value by issuer ($), 2022-26e

Prepaid cards in circulation (units), 2022-2030f

prepaid card transaction values (LCU), 2022-2030f

prepaid card transaction values ($), 2022-2030f

Prepaid card transaction volumes (units), 2022-2030f

Figures

Card penetration per inhabitant

Average number of monthly card transactions

POS terminals per 1,000 inhabitants

Inflation rate

GDP growth rate

Unemployment rate

Total population

Banked population

Internet penetration

Cell phone penetration

Number of ATMs and ATMs per 1 million inhabitants

Number of POS terminals and POS terminals per 1 million inhabitants

Payment istrument transaction volume (paper-based vs electronic payments)

Payment instruments transaction value

Payment instruments transaction volume

Cross-border payment value

Cross-border payment Volume

Payment cards number of cards in circulation

Payment cards card penetration per individual, by card type

Payment cards value of card transactions

Payment cards volume of card transactions

Payments card value physical POS vs. remote

Payments card volume physical POS vs. remote

Payments value domestic vs. cross-border

Payments volume domestic vs. cross-border

Debit card frequency of payments and average transaction value

Debit card ATM withdrawals frequency of use and average transaction value

Debit card schemes transaction value

Debit card schemes transaction volume

Debit card schemes market share in terms of transaction value

Debit card issuers by number of cards

Debit card issuers by transaction value share

Credit and charge card frequency of payments and average transaction value

Credit and charge card ATM withdrawals frequency of use and average transaction value

Credit and charge card schemes transaction value

Credit and charge card schemes transaction volume

Credit and charge card schemes market share in terms of transaction value

Credit card issuers by number of cards

Credit card issuers by transaction value

Pre-paid card schemes transaction value

Pre-paid card schemes transaction volume

Pre-paid card schemes number of cards

Digital wallet transaction value

Digital wallet transaction volume

E-commerce transaction value

Morocco Cards and Payments: Opportunities and Risks to 2030 standard reports
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