Casablanca – Amal El Fallah Sekhrouchni said today that mobile payments in the country doubled to nearly MAD 3.9 billion in the past year as digital financial services continue to advance across Morocco.
Speaking at the third edition of the Visa FinTech Day in Rabat, the Ministerial Representative for Digital Transformation and Administrative Reform said the number of mobile payment transactions will increase from 9.7 million in 2023 to 19.7 million in 2025. The value of those transactions reached MAD 3.9 billion.
As financial services are increasingly linked to broader technological change, the figures reflect the adoption of digital solutions by Moroccan consumers and businesses, Sekhrouchni argued.
He noted that the global fintech market now exceeds $340 billion and will cross $1 trillion by 2030. According to statistics cited by the minister, more than 75% of consumers worldwide use at least one digital financial service.
Addressing the participants at the event, Seghrouchni said fintech technologies are no longer limited to facilitating transactions. They are also used in fraud detection, risk analysis and process automation.
He described fintech as a tool for economic modernization and social inclusion, helping to make financial services more accessible to citizens and businesses.
Morocco is following the same path as seen internationally, albeit with many challenges. Expanding digital infrastructure, growing use of cloud technologies and changing user expectations require strong cybersecurity measures and greater interoperability between systems.
At the same time, he pointed out the opportunities linked to financial inclusion, especially for the unbanked population and support for micro, small and medium enterprises. Morocco’s young population and widespread mobile phone use have been cited as advantages for the sector.
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The government has been placing more emphasis on fintech development in recent years. In January 2025, officials began Morocco FinTech CenterBringing together banks and financial institutions to support startups through mentoring, incubation and regulatory guidance. The initiative is part of the broader Digital Morocco 2030 strategy, which aims to strengthen the country’s startup ecosystem and encourage innovation.
Morocco’s fintech ecosystem is gaining attention regionally. Industry reports describe the country as one of the Arab world’s largest fintech hubs, while recent regulatory approvals for new payment companies have expanded the digital payments landscape.
During his speech, Sekhrouchny also referred to the government’s Digital Morocco 2030 strategy and the AI Made in Morocco roadmap, which aims to develop advanced national skills in digital technologies.
He said the state’s mission goes beyond fintech and includes creating an integrated, interoperable and user-centric digital governance. Simplifying procedures, improving public services and protecting personal data are the main priorities of the ongoing reforms.
The minister said Morocco’s goal is to strengthen a reliable digital environment that supports the country’s ambition to become a regional reference point in investment, value creation and fintech and AI.
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