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Crédit du Maroc and Mastercard join forces to help advance digital transformation in Morocco



Crédit du Maroc and Mastercard signed a strategic partnership agreement, to bring new technologies to the market, help to advance the bank’s digital transformation, and provide personalized solutions to its customers.

This partnership reaffirms Crédit du Maroc's commitment to meeting the daily financial needs of Moroccans and strengthening its positioning as an innovative player in the banking sector.

« We are confident that our new partnership will help promote the adoption of digital payments in Morocco by providing our customers with seamless and personalized solutions, with the aim of improving their satisfaction and financial security », said Ali Benkirane, Board Chairman of the Credit du Maroc. 

« At Mastercard, we are dedicated to accelerating digital transformation and enhancing financial inclusion in Africa. As a regional economic and financial hub, Morocco forms an integral part of our growth strategy. Building on the success of our partnership with CDM, we look forward to stepping up our joint efforts to connect and power a prosperous and sustainable digital economy in the Kingdom » , said Dimitrios Dosis, President, EEMEA, Mastercard. 

Morocco is making great progress to boost financial inclusion with a focus on households, micro, small and medium enterprises (MSMEs), women, youth and rural populations. According to World Bank data, the number of Moroccans with access to a bank account increased from 29% in 2017 to 44% in 2023. Digital financial services have emerged as a key enabler of this progress. 

The partnership will support the introduction of innovative financial services in Morocco and contribute in advancing digital transformation efforts in the Kingdom.

 

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31-07-2024 / 31-07-2024

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