The customer informs the trader's telephone number, the amount of the transaction and his / her code to receive confirmation of completion of the transaction. The telephone identifier is the basis of the transaction.
"A mobile payment has now moderated". This is the newcomer appointed on Tuesday in Rabat, by Abderrahim Bouazza, CEO of Al-Maghrib Bank, for this method of transaction of the "m-wallet" name at a conference to; The press was organized for this purpose. As it is noted, this moderation process comes interactively after using this system in banking institutions. For the actual launch of a mobile payment, a communications strategy, according to it, will be started early in 2019. In addition to this moderation, this method of payment is made by another novel.
The wonder of transaction
According to Samira Khamilichi, president of the Professional Association of Payment Institutions, mobile payment, which also encourages traders to use a telephone identifier with personal data protection, is "immediately". In other words, the account of the trader who received the payment, as explained, has credited in the near future. Also, this method allows you to track your own business. Beyond these traders, those who pay pensions, according to Azelarab Hassibi, DG of the National Telecommunications Regulation Agency (ANRT), Msgid "Contribute to this system".
The rural one in the window
Moreover, this mobile payment has not limited to the urban and urban population. "We went to see the countryside. Customers are interested. There is a lot of financial inclusion to do", Ms. Khamlichi continues. And that's not all! Another group should be interested in this method of settlement. This is, according to Mohamed Horani, CEO of International HPS Change (Hightech payment systems), auto-entrepreneurs such as plumbers among others.
"Microcredit is also a note because most in this sector deals with cash", Details of Mr. Horani. The President and CEO also state that this system will come into force gradually reflecting other services. Already, the platform that has set aside for mobile payment, according to it, is safe while it has a swap system. About this method, that does "There is a new business for the commercial population, and I'll pay zero zero to the carpenter. Also, the phone number is the first. Prior to the implementation of this payment method, a pre-emptive period was held since July, as Mr Horani said. The opening of the organizations was already ready for the interoperability test.
8 organizations approve
According to Asmae Bennani, the head of the department oversees the systems and methods of payment and financial inclusion at Bank Al-Maghrib, 8 organizations that have, for the time being, have been approved. Already, 11 organizations have been licensed to operate the system. These include, among others, Maroc Telecom and Barid Cash Cash. "In turn, the CMI has authorized to make a payment account", She's going on. With regard to mobile payments and for its purpose, it states that most transactions focus between individuals and traders. "It would be better to go through them through proven mobile solutions", she's going on. So, this m-wallet is interested. "A national payment solution," says the manager who states that this approach is being made to support the ongoing financial inclusion strategy. hi they fail to remind, by the occasion, that the mobile payment makes a 130% penetration in Morocco.
Reference flows of 400 million DH
At present, six flows were identified. The most important thing, according to Ms. Bennani, who is about buying. These "unlikely" flows, as it applies to, are estimated to be 400 million DH. That's why 3 mobile targets have. The 1st is a "seamless money" (cash-free) that produces a flow of 20 billion DH. "10% can be accessed", He says about this category. The second target is the urban and urban population that uses 100% cash, a flow of DH 290 billion. "The 3rd target will be financially included.
Again, the financial sector does not serve it. It produces a flow of 110 billion DH, he continues to refer to the rural population. In terms of mobile transaction procedures, it states that the customer informs the trader's telephone number, the amount of the transaction and his / her code to receive confirmation of completion of the transaction. The telephone identifier is the basis of the transaction.
Everything is supposed to be backed up by a bank account or paying organization "In 5 years (2019-2024), the mobile payment will be 6 million users, with 51,000 commercial agents receiving a mobile payment, and 1.3 billion transactions will also be made»she finished.