Merchant sites and biller sites affiliated with the Interbank Electronic Payment Center (CMI) carried out 12.8 million online payment transactions via bank cards, Moroccan and foreign, for a total amount of 4.6 billion dirhams (MMDH) during the first half of 2022 (H1-2022).
These operations recorded an increase of 36% in number and 21.3% in amount compared to the same period of 2021, specifies the CMI in its recent report on electronic payment activity in Morocco.
The online payment activity of Moroccan cards increased by 35.3% in number of transactions, from 9.1 million transactions during the first half of 2021 to 12.3 million transactions during the first half of 2022, and 17.6% in amount, going from 3.6 billion DH in H1-2021 to 4.2 billion DH in H1-2022.
Foreign card online payment activity grew by 55.7% in number of transactions, from 308,000 transactions in H1-2021 to 480,000 transactions in H1-2022, and grew by 102.2% rising, going from 166.8 million dirhams (MDH) at the end of June 2021 to 337.2 MDH at the end of June 2022.
The activity remains very strongly dominated by Moroccan cards up to 96.2% in number of transactions and 92.6% in amount, reports CMI.
Regarding the activity of merchants and eMerchants affiliated to the CMI, it recorded, during the first half of 2022, some 66.7 million payment transactions, by Moroccan and foreign bank cards, for a total amount of 27.8 MMDH, up 32.4% in number of transactions and 36.7% in amount compared to the same period of 2021.
Payments by Moroccan and foreign bank cards are distributed, in terms of volume, according to the following sectors of activity: Large-scale distribution (20.6%), Hotels (10.5%), Resorts (9.0%), Clothing (8.9%), Restaurants (8.7%), Health (4.9%), Furniture & Electr. (4.2%) and Other sectors (33.2%).