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Morocco: The Central Bank pleads for the operationalization and “as soon as possible” of mobile banking

WHAT-Rabat (Maroc)

The governor of the Moroccan central bank, Abdellatif Jouahri, pleaded on Tuesday for the operationalization and “as soon as possible” of mobile banking, as an essential instrument for financial inclusion and the fight against cash, the level of which has greatly increased. increased during this period of health crisis linked to the Covid-19 pandemic.

This tool allows significant savings in terms of time and cost of executing operations, he explained during a press briefing held in videoconference mode at the end of the 3rd quarterly meeting of the de the central bank for the year 2020.

“We are at 1.5 million wallets”, he said, ensuring that, on a technical level, all the tests of the switches have been carried out, while the seven working committees relating to the establishment of financial inclusion “are in place and making good progress”.

He underlined the importance of Parliament as a stakeholder in bringing about this ecosystem, noting that the Kingdom “wasted too much time” for the establishment of this instrument so important for financial inclusion and the fight against cash.

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