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Synopsis
Timetric’s 'The Cards and Payments Industry in Morocco: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Moroccan cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits and payment cards during the review period (2011–2015).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016–2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Summary
Timetric’s 'The Cards and Payments Industry in Morocco: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Moroccan cards and payments industry, including:

- Current and forecast values for each market in the Moroccan cards and payments industry, including debit and credit cards.

- Detailed insights into payment instruments including check payments, credit transfers, direct debits and payment cards. It also, includes an overview of the country's key alternative payment instruments.

- E-commerce market analysis

- Analysis of various market drivers and regulations governing the Moroccan cards and payments industry.

- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

- Comprehensive analysis of consumer attitudes and buying preferences for cards.

- The competitive landscape in Moroccan cards and payments industry.

Scope
- This report provides a comprehensive analysis of the Moroccan cards and payments industry.

- It provides current values for the Moroccan cards and payments industry for 2015, and forecast figures to 2020.

- It details the different demographic, economic, infrastructural and business drivers affecting the Moroccan cards and payments industry.

- It outlines the current regulatory framework in the industry.

- It details marketing strategies used by various banks and other institutions.

Reasons To Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the Moroccan cards and payments industry and each market within it.

- Understand the key market trends and growth opportunities in the Moroccan cards and payments industry.

- Assess the competitive dynamics in the Moroccan cards and payments industry.

- Gain insights into marketing strategies used for various card types in Morocco.

- Gain insights into key regulations governing the Moroccan cards and payments industry.

Key Highlights
- Contactless cards are expected to gain traction in Morocco. The domestic interbank network switch, the Centre Monétique Interbancaire (CMI) and MasterCard launched contactless payment cards in October 2015. To increase contactless uptake, contactless POS terminals were deployed in Casablanca, and will be gradually expanded to other cities such as Rabat and Marrakech. According to the CMI, 6,000 contactless POS terminals will be installed by the end of 2016, with plans to increase the number to 17,000 by the end of 2017.

- Payment service providers (PSPs) are offering terminals at lower costs to increase uptake of mobile point of sale (mPOS) among small merchants. One of the latest is the introduction of an mPOS solution by the CMI in October 2015, to enable self-employed professionals and micro-merchants to accept card payments by smartphone or tablet. The introduction of low-cost solutions is expected to encourage merchants to accept card-based payments.

- As part of moves to establish a full Islamic finance industry in the country, the Moroccan government approved a new banking law in June 2014. The initiative is expected to allow new entrants to enter the Moroccan banking sector, and introduce Sharia-compliant credit cards on a large scale. The central bank of Morocco is planning to give permission to 10 banks in Morocco to offer Islamic banking products and services by the end of 2016.

Table Of Contents

The Cards and Payments Industry in Morocco: Emerging Trends and Opportunities to 2020
Table of Contents
1 DEFINITIONS AND METHODOLOGY
1.1 Definitions
1.2 Methodology
2 KEY FACTS AND HIGHLIGHTS
3 EXECUTIVE SUMMARY
4 PAYMENT INSTRUMENTS
5 E-COMMERCE AND ALTERNATIVE PAYMENTS
5.1 E-Commerce Market and Payment Methods
5.2 Alternative Payment Solutions
5.2.1 Mobicash
5.2.2 PayPal
5.2.3 CashU
5.2.4 AmanPay
6 REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY
6.1 Regulatory Framework
6.2 Anti-Money Laundering (AML)
6.3 Foreign Direct Investment Regulations
7 ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS
8 PAYMENT CARDS
9 DEBIT CARDS
9.1 Debit Card Market Analysis
9.2 Debit Card Scheme and Issuer Shares
9.3 Debit Cards Comparison
10 PAY LATER CARDS
10.1 Pay Later Cards Market Analysis
10.2 Pay Later Cards Scheme and Issuer Shares
10.3 Pay Later Cards Comparison
11 APPENDIX
11.1 Tables
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetric's Services
11.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Morocco - Key Facts, 2015
Table 4: Regional Benchmarking of Moroccan Payment Cards, 2015
Table 5: Morocco - Mode of Entry of Foreign Banks
Table 6: Morocco - Debit Cards Comparison and Key Features, 2016
Table 7: Morocco - Gold Credit Cards Comparison and Key Features, 2016
Table 8: Morocco - Premium Credit Cards Comparison and Key Features, 2016
Table 9: Morocco - Payment Instrument Transaction Values (MAD Billion), 2011-2015
Table 10: Morocco - Payment Instrument Transaction Values (US$ Billion), 2011-2015
Table 11: Morocco - Payment Instrument Transaction Volumes (Million), 2011-2015
Table 12: Morocco - Number of Payment Cards in Circulation by Type (Thousand), 2011-2020
Table 13: Morocco - Volume of Payment Cards Transactions by Type (Million), 2011-2020
Table 14: Morocco - Value of Payment Cards Transactions by Type (MAD Billion), 2011-2020
Table 15: Morocco - Value of Payment Cards Transactions by Type (US$ Billion), 2011-2020
Table 16: Morocco - Number of Debit Cards in Circulation (Million), 2011-2020
Table 17: Morocco - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
Table 18: Morocco - Debit Card Total and Average Transaction Values by Channel, 2011-2020
Table 19: Morocco - Debit Card Total and Average Transaction Values by Channel, 2011-2020
Table 20: Morocco - Number of Debit Cards in Circulation by Scheme (Million), 2011-2015
Table 21: Morocco - Debit Card Transaction Values by Scheme (MAD Billion), 2011-2015
Table 22: Morocco - Debit Card Transaction Values by Scheme (US$ Billion), 2011-2015
Table 23: Morocco - Debit Card Transaction Values by Issuer (MAD Billion), 2011-2015
Table 24: Morocco - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
Table 25: Morocco - Number of Pay Later Cards in Circulation (Thousand), 2011-2020
Table 26: Morocco - Pay Later Cards Transaction Volumes and Frequency by Channel, 2011-2020
Table 27: Morocco - Pay Later Cards Total and Average Transaction Values by Channel, 2011-2020
Table 28: Morocco - Pay Later Cards Total and Average Transaction Values by Channel, 2011-2020
Table 29: Morocco - Number of Pay Later Cards in Circulation by Scheme (Thousand), 2011-2015
Table 30: Morocco - Pay Later Cards Transaction Values by Scheme (MAD Million), 2011-2015
Table 31: Morocco - Pay Later Cards Transaction Values by Scheme (US$ Million), 2011-2015
Table 32: Morocco - Pay Later Cards Transaction Values by Issuer (MAD Million), 2011-2015
Table 33: Morocco - Pay Later Cards Transaction Values by Issuer (US$ Million), 2011-2015
Table 34: Morocco - Personal and Commercial Pay Later Cards Transaction Volumes (Million), 2011-2020
Table 35: Morocco - Personal and Commercial Pay Later Cards Transaction Values (MAD Million), 2011-2020
Table 36: Morocco - Personal and Commercial Pay Later Cards Transaction Values (US$ Million), 2011-2020
Table 37: Morocco - Number of Commercial Pay Later Cards in Circulation (Thousand), 2011-2020
Table 38: Morocco - Commercial Pay Later Cards Transaction Volumes (Million), 2011-2020
Table 39: Morocco - Commercial Pay Later Cards Transaction Values (MAD Million), 2011-2020
Table 40: Morocco - Commercial Pay Later Cards Transaction Values (US$ Million), 2011-2020

List of Figures
Figure 1: Morocco - Payment Instrument Shares by Transaction Value (%), 2011 vs. 2015
Figure 2: Morocco - Payment Instrument Shares by Transaction Volume (%), 2011 vs. 2015
Figure 3: Morocco - E-Commerce Value, 2011-2020
Figure 4: Morocco - Population
Figure 5: Morocco - Economic Indicators
Figure 6: Morocco - ATMs and POS Terminals
Figure 7: Morocco - Household Consumption
Figure 8: Morocco - Growth in Payment Cards Transaction Values, 2011-2015
Figure 9: Morocco - Number of Cards in Circulation by Type, 2011-2015
Figure 10: Morocco - Debit Card Penetration, 2015
Figure 11: Morocco - Turnover Per Debit Card, 2015
Figure 12: Morocco - Debit Card Scheme Shares in Terms of Transaction Value (%), 2015
Figure 13: Morocco - Debit Card Issuer Shares in Terms of Transaction Value (%), 2015
Figure 14: Morocco - Pay Later Card Penetration, 2015
Figure 15: Morocco - Turnover Per Pay Later Card, 2015
Figure 16: Morocco - Pay Later Cards Scheme Shares in Terms of Transaction Value (%), 2015
Figure 17: Morocco - Pay Later Cards Issuer Shares in Terms of Transaction Value (%), 2015

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