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The year Morocco’s digital economy levels up | WAMDA

New banking reforms are liberalizing online payments, setting up Morocco to “undergo a digital revolution” in the near future:

Morocco’s financial landscape is evolving as the government is finally taking steps that will boost the digital economy.

Until recently, several factors were holding Morocco back when it came to electronic payments: stifling legislation, monopolies, the size of the informal economy, and a closed currency.

Soon most of these might be a thing of the past. The authorities want to leverage digital payments for economic gain and is pushing industry players to wake up and find solutions.

A new banking law

In 2015 Morocco’s central bank Bank Al-Maghrib passed the first banking law since 2006, aiming to modernize the financial sector and promote electronic payments…[FULL STORY]

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