morocco

Report Year

2025

Switch Al Maghrib (SWAM)

Geographic Reach
Morocco
Gender disaggregated data
No
Geographic Region
Northern Africa
Coverage
Domestic
Year Of Establishment
2018
IPS
Mobile-money
Interoperability Arrangement
Multilateral
Governance Typology
Industry led
Ownership Model
Jointly owned
System Owner
SWAM
Overseer
Bank al Maghrib (central bank)
System Governance
Bank al Maghrib (central bank)
Operator
SWAM
Settlement Agent
Bank al Maghrib (central bank)
Number of Unique IPS End Users
-
Total Number Of Participants
21
Number Of Direct Participants: Commercial Banks
8
Number Of Direct Participants: E-money Issuers
13
Number of Direct Participants: MFIs
-
Number of Direct Participants: Other
-
Number of Direct Participants: Post Office
-
Indirect Participants Type
-
Number Of Indirect Participants
-
Supported Use Cases
P2P, P2B , G2P
Supported Instruments
E-money
Primary Local Channel
App
Supported Channels
Agent (e-money), Agent (banking), App, QR Code, ATM
QR Code Enabled Type
Both
Messaging Standard
ISO 8583
Proxy ID
Mobile phone number, QR code
Other Proxy ID Type
-
Business Model
-
Pricing Structure
Pricing based on the number of exchanges in the place + Pricing of the services offered
Scheme Rules Public
No
Additional Recourse Requirements
No
Dispute Resolution Mechanism
Yes
API Functionality
Yes
Startup Funding Source
-
Participation in Decision Making
Yes
Mechanism for Decision Making
GP2M, APEP
Ability to become Direct Participants
Yes
Entities that cannot Participate
-
Min Value for Transactions
No min. value
Corporate Structure
Public listed company
Other Corporate Structure
-
Pull Request to Pay Enabled
Yes
Third Party Connections Enabled
No
Real Time Payment Confirmation
Yes
Transaction Validation Enabled
No
Inclusivity Ranking
Basic

Virements instantanés

Geographic Reach
Morocco
Gender disaggregated data
No
Geographic Region
Northern Africa
Coverage
Domestic
Year Of Establishment
2023
IPS
Bank
Interoperability Arrangement
Multilateral
Governance Typology
Public Private Partnership (PPP)
Ownership Model
Regulator-owned
System Owner
GROUPEMENT POUR UN SYSTEME INTERBANCAIRE DE TELECOMPENSATION (GSIMT)
Overseer
Bank al Maghrib (central bank)
System Governance
Bank al Maghrib (central bank)
Operator
GROUPEMENT POUR UN SYSTEME INTERBANCAIRE DE TELECOMPENSATION (GSIMT)
Settlement Agent
Bank al Maghrib (central bank)
Number of Unique IPS End Users
-
Total Number Of Participants
17
Number Of Direct Participants: Commercial Banks
17
Number Of Direct Participants: E-money Issuers
-
Number of Direct Participants: MFIs
-
Number of Direct Participants: Other
-
Number of Direct Participants: Post Office
-
Indirect Participants Type
-
Number Of Indirect Participants
-
Supported Use Cases
P2P
Supported Instruments
Credit EFT
Primary Local Channel
App
Supported Channels
App, Agent (banking), Browser
QR Code Enabled Type
-
Messaging Standard
ISO 20022
Proxy ID
Bank account number
Other Proxy ID Type
-
Business Model
Not-for-profit
Pricing Structure
Pricing consists of distributing operating and investment costs among members on the basis of a rule which is approved annually by the general meeting which brings together all the banks.
Scheme Rules Public
No
Additional Recourse Requirements
No
Dispute Resolution Mechanism
Yes
API Functionality
Yes
Startup Funding Source
Source of funding: GSIMT members/Cost of the platform: 16 million dirhams
Participation in Decision Making
Yes
Mechanism for Decision Making
A rule for designating board members is established based on their discussions. This designation is reviewed every two years.
Ability to become Direct Participants
Yes
Entities that cannot Participate
-
Min Value for Transactions
No min. value
Corporate Structure
Other
Other Corporate Structure
Cooperative non-profit organisation (Groupement d'Intérêt Économique (GIE))
Pull Request to Pay Enabled
-
Third Party Connections Enabled
-
Real Time Payment Confirmation
Yes
Transaction Validation Enabled
Yes
Inclusivity Ranking
Not ranked