Rabat - Morocco’s Centre Monétique Interbancaire and MasterCard announced the launch of contactless payment for the first time in the kingdom.
Rabat – Morocco’s Centre Monétique Interbancaire and MasterCard announced the launch of contactless payment for the first time in the kingdom.
Paying with contactless cart is now possible as announced by CMI and Master card on October, 15 2015. This new technology comes as part of encouraging and facilitating electronic payment in Morocco, highlighted the two parties.
“The Contactless payment we launched today with our partner MasterCard is a new step in our strategy to facilitate cart payment” said CMI director general, Mikeal Naciri.
Contactless is a fast, easy and secure way to pay for purchases costing 200 DH and less. A pin number will be necessary for purchases above 200 DH.
Contactless carts are easily used. The device contains an antenna so that when it is touched against a contactless terminal, it securely transmits purchase information to and from the terminal. The cart should be put 4 centimeters closer to the terminal so that the payment can be made.
This new technology is available for Attijariwafa bank clients to as of October 14, 2015.
While 85% of transactions are still made in cash, contactless payments will have to gain ground in the purchasing transactions “we aspire to have a world without cash and societies financially inclusive,” said the director general of Master Card in North Africa, Mohamed Benomar.
“We will draw upon our technology to achieve this vision. With the launching of contactless carts in Morocco, we are entering a new phase in our fight against cash and informal transactions,” he added.
Contactless carts are used in more than 170 countries and more than 3 million of shops accept their use. They are mostly used in Europe, Asia and North America.
In Africa, Morocco is the third country to introduce contactless payments after South Africa and Kenya.