Financial Cards and Payments in Morocco
Euromonitor International
December 2021

List Of Contents And Tables

FINANCIAL CARDS AND PAYMENTS IN MOROCCO
EXECUTIVE SUMMARY
COVID-19 impact on consumer payments
COVID-19 COUNTRY IMPACT
Vaccination programme helps to boost consumer confidence
The pandemic has accelerated the pace of innovation in financial cards
The shift to digital banking accelerates
What next for consumer payments?
MARKET INDICATORS
Table 1 Number of POS Terminals: Units 2016-2021
Table 2 Number of ATMs: Units 2016-2021
Table 3 Value Lost to Fraud 2016-2021
Table 4 Card Expenditure by Location 2021
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
Table 6 Domestic versus Foreign Spend 2021
MARKET DATA
Table 7 Financial Cards by Category: Number of Cards in Circulation 2016-2021
Table 8 Financial Cards by Category: Number of Accounts 2016-2021
Table 9 Financial Cards Transactions by Category: Value 2016-2021
Table 10 Financial Cards by Category: Number of Transactions 2016-2021
Table 11 Consumer Payments by Category: Value 2016-2021
Table 12 Consumer Payments by Category: Number of Transactions 2016-2021
Table 13 M-Commerce by Category: Value 2016-2021
Table 14 M-Commerce by Category: % Value Growth 2016-2021
Table 15 Financial Cards: Number of Cards by Issuer 2016-2020
Table 16 Financial Cards: Number of Cards by Operator 2016-2020
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
Table 20 Forecast Financial Cards by Category: Number of Accounts 2021-2026
Table 21 Forecast Financial Cards Transactions by Category: Value 2021-2026
Table 22 Forecast Financial Cards by Category: Number of Transactions 2021-2026
Table 23 Forecast Consumer Payments by Category: Value 2021-2026
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
Table 25 Forecast M-Commerce by Category: Value 2021-2026
Table 26 Forecast M-Commerce by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources
DEBIT CARDS IN MOROCCO
KEY DATA FINDINGS
2021 DEVELOPMENTS
Pandemic leads government to urge consumers to avoid cash
Economic shock of pandemic makes bank accounts and financial cards less affordable for many
Centre Monétique Interbancaire encourages retailers to install card payment terminals
PROSPECTS AND OPPORTUNITIES
Even as the pandemic threat fades, local consumers are unlikely to revert to cash
Financial institutions target rural dwellers and the financially excluded
Online shopping with debits cards will continue to gain ground
CATEGORY DATA
Table 27 Debit Cards: Number of Cards in Circulation 2016-2021
Table 28 Debit Cards Transactions 2016-2021
Table 29 Debit Cards in Circulation: % Growth 2016-2021
Table 30 Debit Cards Transactions: % Growth 2016-2021
Table 31 Debit Cards: Number of Cards by Issuer 2016-2020
Table 32 Debit Cards: Number of Cards by Operator 2016-2020
Table 33 Debit Cards Payment Transaction Value by Issuer 2016-2020
Table 34 Debit Cards Payment Transaction Value by Operator 2016-2020
Table 35 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
Table 36 Forecast Debit Cards Transactions 2021-2026
Table 37 Forecast Debit Cards in Circulation: % Growth 2021-2026
Table 38 Forecast Debit Cards Transactions: % Growth 2021-2026
CREDIT CARDS IN MOROCCO
KEY DATA FINDINGS
2021 DEVELOPMENTS
Most local consumers remain wary of credit cards
Credit card applications hindered by complex procedures
High fraud rates make retailers wary of credit cards
PROSPECTS AND OPPORTUNITIES
Post-pandemic economic rebound will make consumers less wary of debt
Reluctance to handle cash is likely to outlast the pandemic
Revival in international travel will boost credit card use
CATEGORY DATA
Table 39 Credit Cards: Number of Cards in Circulation 2016-2021
Table 40 Credit Cards Transactions 2016-2021
Table 41 Credit Cards in Circulation: % Growth 2016-2021
Table 42 Credit Cards Transactions: % Growth 2016-2021
Table 43 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
Table 44 Commercial Credit Cards Transactions 2016-2021
Table 45 Commercial Credit Cards in Circulation: % Growth 2016-2021
Table 46 Commercial Credit Cards Transactions: % Growth 2016-2021
Table 47 Personal Credit Cards: Number of Cards in Circulation 2016-2021
Table 48 Personal Credit Cards Transactions 2016-2021
Table 49 Personal Credit Cards in Circulation: % Growth 2016-2021
Table 50 Personal Credit Cards Transactions: % Growth 2016-2021
Table 51 Credit Cards: Number of Cards by Issuer 2016-2020
Table 52 Credit Cards: Number of Cards by Operator 2016-2020
Table 53 Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 54 Credit Cards Payment Transaction Value by Operator 2016-2020
Table 55 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
Table 56 Commercial Credit Cards: Number of Cards by Operator 2016-2020
Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
Table 59 Personal Credit Cards: Number of Cards by Issuer 2016-2020
Table 60 Personal Credit Cards: Number of Cards by Operator 2016-2020
Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 62 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
Table 63 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
Table 64 Forecast Credit Cards Transactions 2021-2026
Table 65 Forecast Credit Cards in Circulation: % Growth 2021-2026
Table 66 Forecast Credit Cards Transactions: % Growth 2021-2026
Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
Table 68 Forecast Commercial Credit Cards Transactions 2021-2026
Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
Table 72 Forecast Personal Credit Cards Transactions 2021-2026
Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
Table 74 Forecast Personal Credit Cards Transactions: % Growth 2021-2026
CHARGE CARDS IN MOROCCO
KEY DATA FINDINGS
2021 DEVELOPMENTS
Charge cards largely confined to affluent consumers who travel abroad regularly
Loophole in capital controls makes charge cards attractive to affluent consumers
Rolling credit and the absence of interest payments make charge cards appealing
PROSPECTS AND OPPORTUNITIES
Return of outbound international travel will boost charge card use
Most local consumers will continue to prefer debit cards to charge cards
Compatibility of charge cards with Islamic finance principles will remain a key selling point
CATEGORY DATA
Table 75 Charge Cards: Number of Cards in Circulation 2016-2021
Table 76 Charge Cards Transactions 2016-2021
Table 77 Charge Cards in Circulation: % Growth 2016-2021
Table 78 Charge Cards Transactions: % Growth 2016-2021
Table 79 Commercial Charge Cards: Number of Cards in Circulation 2016-2021
Table 80 Commercial Charge Cards Transactions 2016-2021
Table 81 Commercial Charge Cards in Circulation: % Growth 2016-2021
Table 82 Commercial Charge Cards Transactions: % Growth 2016-2021
Table 83 Personal Charge Cards: Number of Cards in Circulation 2016-2021
Table 84 Personal Charge Cards Transactions 2016-2021
Table 85 Personal Charge Cards in Circulation: % Growth 2016-2021
Table 86 Personal Charge Cards Transactions: % Growth 2016-2021
Table 87 Charge Cards: Number of Cards by Issuer 2016-2020
Table 88 Charge Cards: Number of Cards by Operator 2016-2020
Table 89 Charge Cards Payment Transaction Value by Issuer 2016-2020
Table 90 Charge Cards Payment Transaction Value by Operator 2016-2020
Table 91 Commercial Charge Cards: Number of Cards by Issuer 2016-2020
Table 92 Commercial Charge Cards: Number of Cards by Operator 2016-2020
Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2016-2020
Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2016-2020
Table 95 Personal Charge Cards: Number of Cards by Issuer 2016-2020
Table 96 Personal Charge Cards: Number of Cards by Operator 2016-2020
Table 97 Personal Charge Cards Transaction Value by Issuer 2016-2020
Table 98 Personal Charge Cards Transaction Value by Operator 2016-2020
Table 99 Forecast Charge Cards: Number of Cards in Circulation 2021-2026
Table 100 Forecast Charge Cards Transactions 2021-2026
Table 101 Forecast Charge Cards in Circulation: % Growth 2021-2026
Table 102 Forecast Charge Cards Transactions: % Growth 2021-2026
Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2021-2026
Table 104 Forecast Commercial Charge Cards Transactions 2021-2026
Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2021-2026
Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2021-2026
Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2021-2026
Table 108 Forecast Personal Charge Cards Transactions 2021-2026
Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2021-2026
Table 110 Forecast Personal Charge Cards Transactions: % Growth 2021-2026
PRE-PAID CARDS IN MOROCCO
KEY DATA FINDINGS
2021 DEVELOPMENTS
Pre-paid cards continue to lose ground to other types of payment cards
Reduced international travel weighs heavily on demand for pre-paid cards
Lack of innovation leaves pre-paid cards lumbered with an old-fashioned image
PROSPECTS AND OPPORTUNITIES
Decline in transaction value of pre-paid cards will accelerate
Widening financial inclusion will undermine demand for pre-paid cards
CATEGORY DATA
Table 111 Pre-paid Cards: Number of Cards in Circulation 2016-2021
Table 112 Pre-paid Cards Transactions 2016-2021
Table 113 Pre-paid Cards in Circulation: % Growth 2016-2021
Table 114 Pre-paid Cards Transactions: % Growth 2016-2021
Table 115 Closed Loop Pre-paid Cards Transactions 2016-2021
Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2016-2021
Table 117 Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 118 Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 119 Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 120 Pre-paid Cards Transaction Value by Operator 2016-2020
Table 121 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 122 Closed Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 123 Closed Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 124 Closed Loop Pre-paid Cards Transaction Value by Operator 2016-2020
Table 125 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
Table 126 Forecast Pre-paid Cards Transactions 2021-2026
Table 127 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
Table 128 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
Table 129 Forecast Closed Loop Pre-paid Cards Transactions 2021-2026
Table 130 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2021-2026
STORE CARDS IN MOROCCO
KEY DATA FINDINGS
2021 DEVELOPMENTS
COVID-19 accelerates decline in the use of store cards
Retailers shift away from digital store cards towards e-mail and social media
Consumer awareness of store cards remains very low
PROSPECTS AND OPPORTUNITIES
Virtual discount vouchers, promotions and loyalty points represent a growing threat to store cards
Store cards will face intensifying competition from debit cards
Lingering effects of COVID-19 pandemic to continue suppressing store cards' growth
CATEGORY DATA
Table 131 Store Cards: Number of Cards in Circulation 2016-2021
Table 132 Store Cards Transactions 2016-2021
Table 133 Store Cards in Circulation: % Growth 2016-2021
Table 134 Store Cards Transactions: % Growth 2016-2021
Table 135 Store Cards: Number of Cards by Issuer 2016-2020
Table 136 Store Cards: Payment Transaction Value by Issuer 2016-2020
Table 137 Forecast Store Cards: Number of Cards in Circulation 2021-2026
Table 138 Forecast Store Cards Transactions 2021-2026
Table 139 Forecast Store Cards in Circulation: % Growth 2021-2026
Table 140 Forecast Store Cards Transactions: % Growth 2021-2026