🇲🇦Morocco
Payment trends and fintech news from Morocco
Renewables Cut Desalination Costs, Bolstering Africa's Water Security
Declining renewable energy costs are making desalination an increasingly viable solution for water-stressed African nations. This shift is enabling countries to invest in large-scale desalination projects, addressing projected water scarcity in the coming decades.
UnionPay International Morocco Branch Joins Casablanca Finance City
UnionPay International's Moroccan branch has joined the Casablanca Finance City hub to expand its payment services across Africa. The move leverages CFC's framework to strengthen partnerships and address regional financial connectivity challenges.
Visa, Zazu and Chari launch Morocco's first fully digital business account
Visa, Moroccan fintech Zazu, and e-commerce platform Chari have introduced Morocco's first fully digital business account for SMEs. The account, opened with just a national ID, provides a virtual Visa card, aiming to digitize transactions for the country's large informal merchant sector.
GSMA Coalition Selects Six African Nations for $40 Smartphone Pilots
A coalition led by the GSMA has chosen six African nations to pilot $40 smartphones, targeting the main barrier to mobile internet access. The initiative, involving major tech and telecom firms, will test commercial models in the second half of 2026 to drive sustainable adoption.
Moroccan Retail Fintech WafR Secures $4 Million Seed Funding
Moroccan B2B fintech WafR has raised $4 million in a seed round co-led by LoftyInc Capital and Outlierz Ventures. The funding will support the company's platform, which provides digital credit to small retailers for inventory purchases.
WafR Secures $4 Million to Broaden Financial Access in Morocco
Moroccan fintech WafR has raised $4 million in an oversubscribed funding round to expand its digital financial services targeting the unbanked. The deal reflects a cautious resurgence in African fintech investment, with the sector continuing to lead startup funding on the continent.