- Mobile payment transactions in Morocco rose from 9.7 million in 2023 to 19.7 million in 2025.
- The value of mobile payment operations reached nearly MAD 3.9 billion in 2025.
- Morocco’s first fintech white paper identified nearly 60 operational fintech companies.
Mobile payment transactions in Morocco more than doubled between 2023 and 2025, reaching nearly MAD 3.9 billion ($420 million) as authorities continue implementing the country’s digital transformation agenda.
Speaking at Visa Fintech Day 2026 in Rabat, Amal El Fallah Seghrouchni said the number of mobile payment transactions increased from 9.7 million in 2023 to 19.7 million in 2025. The total value of those transactions reached MAD 3.9 billion over the same period.
The figures were presented as Morocco advances its Digital Morocco 2030 strategy, which aims to expand digital public services, strengthen technology entrepreneurship and increase the use of digital tools across the economy.
Authorities have also introduced initiatives aimed at supporting financial technology companies. In January 2025, Moroccan banks and financial institutions launched the Morocco Fintech Center to provide startups with incubation services, mentoring and regulatory guidance.
At the Rabat event, the Morocco Fintech Center and Visa presented Morocco’s first fintech white paper, which identified nearly 60 operational fintech companies in the country. According to the report, payment services and business-focused financial solutions account for the largest share of fintech activity.
The report notes that Morocco’s fintech sector remains at an early stage of development, with a limited number of large-scale startups and relatively modest investment activity compared with more mature African fintech markets.
The findings build on the earlier Morocco Fintech Landscape study conducted by Bank Al-Maghrib and development partners, which identified financing access, ecosystem coordination and open-finance infrastructure as key areas requiring further development.
Morocco’s digital finance initiatives form part of wider efforts to modernize public services and support technology-driven economic activity. Alongside Digital Morocco 2030, authorities are implementing the AI Made in Morocco roadmap, which seeks to strengthen domestic capabilities in artificial intelligence and emerging technologies.
Industry stakeholders cited in the white paper identified regulatory, financing, technological and talent-related constraints as factors affecting the pace of fintech expansion. The report also notes that while Morocco benefits from high mobile-phone penetration, institutional support and a large youth population, many fintech companies remain concentrated in the early stages of growth
According to figures cited by Seghrouchni during the event, the global fintech market is currently valued at more than $340 billion and could exceed $1 trillion by 2030. Government figures presented at the conference also indicated that more than 75% of consumers worldwide now use at least one digital financial service.
Source : www.ecofinagency.com
