Electronic payments in Morocco

The electronic payment transactions recorded an increase of 45% and 28% of the total value in 2020, announced, in a written response, Mezzour, indicating that the health crisis has contributed to the promotion of this type of transaction.
The minister explained that 84% of Moroccans in urban areas, according to a study conducted by the National Agency for Transport Regulation in 2020, confirm that the changes resulting from the pandemic regarding the use of digital means will not disappear and will be permanent.

In addition, Mezzour announced the commitment of his ministry to follow the process of digitization of the trade sector, and particularly among traders, through a series of projects such as “the creation of a center for incubation and acceleration of growth of emerging companies in the sector of e-commerce to develop digital solutions tailored to the needs of traders, in partnership with the University Mohammed VI Polytechnic. This center aims to monitor, by 2023, nearly 100 emerging companies that provide innovative digital solutions for the benefit of local trade, which needs simple and accessible digital tools contributing to its modernization and improvement of its added value.

Among the projects mentioned by the Minister is the announcement of “an application that aims to deal with project holders, whose support process will take place from the crystallization of the idea, and the preparation of the prototype to the stage of marketing and accelerating growth. Then, there will be the implementation of offers of digitalization of local trade in partnership with the Agency for Digital Development.

These offers aim to strengthen the competitiveness of local traders, and are based on the acquisition by them of practical digital skills, and this through “training in the use of information technology and digital marketing mechanisms”, as well as “the development of training programs for the benefit of traders in partnership with professional associations of traders and Chambers of Commerce, Industry and Services.

Ryad Mezzour also said that “the Ministry participates with the various stakeholders under the national strategy for financial inclusion (SNIF), the launch and encouragement of payment by cell phone. He also said that “in this context, the amending finance law for the year 2020 provided incentives to encourage payment by mobile for merchants, since the number of transactions made through mobile payment within five years was exempt from income tax and value added tax for merchants.

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