The overall achievements of electronic payment activity in Morocco reached 245.5 million operations for a total of 200.6 billion dirhams (MMDH) in the first half of 2022, according to the Interbank Electronic Payment Center (CMI).
This activity, which includes cash withdrawal operations on the ATM network, payment operations with merchants and eMerchants, payment operations on automatic teller machines (ATMs) and Cash Advance operations, by cards banks, Moroccan and foreign, is up 16% in number of transactions and 13.2% in amount compared to the same period of 2021, specifies the CMI in its recent report.
In Morocco, Moroccan cards recorded during the first half, in payments and withdrawals, 236.9 million operations for an amount of 190.1 billion dirhams, up 14.2% in number of operations and 10.4 % in total amount of transactions.
Transactions using these cards are broken down into withdrawals (73.8% by number of transactions and 88.4% by amount), payment at merchants and eMerchants (25.9% by number of transactions and 11.5% by amount) and in payment on ATMs (0.3% by number of transactions and 0.1% by amount).
In detail, withdrawal transactions by Moroccan cards from ATMs in Morocco totaled, in H1-2022, some 174.9 million transactions for an amount of 168 billion dirhams, up 10.5% in number of transactions and up 9.4% in amount compared to the same period of 2021.
Regarding payment transactions by Moroccan cards with merchants and eMerchants affiliated to the CMI, they reached, during the first half of the year, 61.3 million transactions for an amount of 21.9 billion dirhams, up 27% in number. transactions and +18.7% in amount compared to the same period of 2021.
Payments by Moroccan bank cards are distributed, in terms of volume, according to the following sectors of activity: Large-scale distribution (24.2%), Stations (10.9%), Clothing (10.3%), Restaurants ( 7.3%), Health Sector (5.8%), Furniture & Electr. (4.8%) and Other sectors (36.8%).
With regard to payment transactions on ATMs by Moroccan cards for the payment of invoices, taxes and the purchase of Telecom recharges, they amounted, at the end of last June, to 0.7 million transactions for an amount of 144.6 million dirhams (MDH), down 23% in number of operations and also 19.5% in amount compared to the same period of 2021.
In addition, Moroccan cards with international validity carried out 8.1 million foreign currency transactions abroad or on foreign merchant sites, withdrawals and payments, for a total amount of 3.8 billion dirhams, up by +38 .5% in number of transactions and +75.2% in amount compared to the same period of 2021.
With regard to foreign cards, they recorded in Morocco, in payments and withdrawals, 8.6 million operations for an amount of 10.5 billion dirhams with an increase of +106.2% in number of operations and +112.4% in amount.
These transactions are broken down into withdrawals (36.4% by number of transactions and 43% by amount), payments (63.1% by number of transactions and 56.1% by amount ) and in Cash Advance, withdrawals made by debit from the card on TPE, (0.5% in share of the number of operations and 0.9% in share of the amount).
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