Grant agreement between the African Development Bank Group and Bank Al-Maghrib to develop electronic payments and strengthen financial inclusion
Morocco, Feb. 10 -- The African Development Bank Group, through the Africa Digital Financial Inclusion Facility (ADFI), has awarded a grant of USD 510,000 to the Electronic Payments Acceptance Development Fund set up by Bank Al-Maghrib (Morocco's Central Bank).This funding aims to support the wider development of digital payments and financial inclusion, while contributing to reducing the use of cash in Morocco. This grant complements the financial resources mobilized by Bank Al-Maghrib to set up the fund, which aims to encourage the adoption of electronic payments by merchants, thereby reducing dependence on cash and supporting the transition to a digital economy.This initiative is part of the Digital Payments Development Strategy, particu...
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