Morocco’s Mobile Payments More Than Double to Hit MAD 3.9 Billion

Casablanca — As digital financial services continue to gain ground across Morocco, Amal El Fallah Seghrouchni said today that mobile payments in the country more than doubled over the past year to reach nearly MAD 3.9 billion.

Speaking at the third edition of Visa Fintech Day in Rabat, the Minister Delegate for Digital Transition and Administration Reform said the number of mobile payment transactions rose from 9.7 million operations in 2023 to 19.7 million in 2025. The value of those transactions reached MAD 3.9 billion.

The figures reflect growing adoption of digital solutions by Moroccan consumers and businesses as financial services become increasingly connected to broader technological change, Seghrouchni argued.

She noted that the global fintech market now exceeds $340 billion and could surpass $1 trillion by 2030. More than 75% of consumers worldwide use at least one digital financial service, according to figures cited by the minister.

Addressing participants at the event, Seghrouchni said fintech technologies are no longer limited to facilitating transactions. They are also being used in fraud detection, risk analysis and process automation.

She described fintech as a tool for economic modernization and social inclusion, helping make financial services more accessible to citizens and businesses.

The minister said Morocco is following the same trajectory seen internationally, although several challenges remain. Expanding digital infrastructure, the growing use of cloud technologies and changing user expectations require stronger cybersecurity measures and greater interoperability between systems.

At the same time, she pointed to opportunities linked to financial inclusion, especially for unbanked populations, as well as support for very small, small and medium-sized enterprises. Morocco’s young population and widespread mobile phone usage were also cited as advantages for the sector.

The government has been placing greater emphasis on fintech development in recent years. In January 2025, authorities launched the Morocco Fintech Center, bringing together banks and financial institutions to support startups through mentoring, incubation and regulatory guidance. The initiative forms part of the broader Digital Morocco 2030 strategy, which aims to strengthen the country’s startup ecosystem and encourage innovation.

Morocco’s fintech ecosystem continues to attract attention regionally. Industry reports describe the country as one of the largest fintech hubs in the Arab world, while recent regulatory approvals for new payment institutions have expanded the digital payments landscape.

During her speech, Seghrouchni also referred to the government’s Digital Morocco 2030 strategy and the AI Made in Morocco roadmap, which aim to develop advanced national capabilities in digital technologies.

She said the state’s objective goes beyond fintech and includes building an integrated, interoperable and user-centered digital administration. Simplifying procedures, improving public services and protecting personal data remain key priorities of the reforms currently underway.

The minister said Morocco’s goal is to strengthen a trusted digital environment that supports investment, value creation and the country’s ambition to become a regional reference point in fintech and AI.

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