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Morocco: Central Bank appeals for operationalization and “as soon as possible” of mobile banking



VAD-Rabat (Morocco)

The governor of the Moroccan central bank, Abdellatif Jouahri, on Tuesday called for the operationalization and “as soon as possible” of mobile banking, as an important instrument for economic integration and the fight against cash, whose level has risen sharply. increased during this period of health crisis linked to the Covid-19 pandemic.

This tool enables significant savings in terms of time and cost of conducting operations, he explained during a press conference held in videoconferencing mode at the end of the third quarter meeting of the central banks for the year 2020.

“We have 1

.5 million wallets,” he said, making sure that at the technical level all tests of the switches have been carried out, while the seven working committees on the establishment of economic inclusion “are in place and making good progress”.

He emphasized the importance of Parliament as a stakeholder in the creation of this ecosystem and noted that the Kingdom was “wasting too much time” in setting up this instrument so important for economic integration and the fight against cash.

HA / VAD


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