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The Cards and Payments Industry in Morocco: Emerging Trends and Opportunities to 2020

Published By :

Timetric

Published Date : Nov 2016

Category :

Cards & Payments

No. of Pages : 42 Pages

Synopsis
Timetrics 'The Cards and Payments Industry in Morocco: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Moroccan cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits and payment cards during the review period (20112015).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (20162020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetrics research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Summary
Timetrics 'The Cards and Payments Industry in Morocco: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Moroccan cards and payments industry, including:

Current and forecast values for each market in the Moroccan cards and payments industry, including debit and credit cards.

Detailed insights into payment instruments including check payments, credit transfers, direct debits and payment cards. It also, includes an overview of the country's key alternative payment instruments.

E-commerce market analysis

Analysis of various market drivers and regulations governing the Moroccan cards and payments industry.

Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Comprehensive analysis of consumer attitudes and buying preferences for cards.

The competitive landscape in Moroccan cards and payments industry.

Scope
This report provides a comprehensive analysis of the Moroccan cards and payments industry.

It provides current values for the Moroccan cards and payments industry for 2015, and forecast figures to 2020.

It details the different demographic, economic, infrastructural and business drivers affecting the Moroccan cards and payments industry.

It outlines the current regulatory framework in the industry.

It details marketing strategies used by various banks and other institutions.

Reasons To Buy
Make strategic business decisions, using top-level historic and forecast market data, related to the Moroccan cards and payments industry and each market within it.

Understand the key market trends and growth opportunities in the Moroccan cards and payments industry.

Assess the competitive dynamics in the Moroccan cards and payments industry.

Gain insights into marketing strategies used for various card types in Morocco.

Gain insights into key regulations governing the Moroccan cards and payments industry.

Key Highlights
Contactless cards are expected to gain traction in Morocco. The domestic interbank network switch, the Centre Montique Interbancaire (CMI) and MasterCard launched contactless payment cards in October 2015. To increase contactless uptake, contactless POS terminals were deployed in Casablanca, and will be gradually expanded to other cities such as Rabat and Marrakech. According to the CMI, 6,000 contactless POS terminals will be installed by the end of 2016, with plans to increase the number to 17,000 by the end of 2017.

Payment service providers (PSPs) are offering terminals at lower costs to increase uptake of mobile point of sale (mPOS) among small merchants. One of the latest is the introduction of an mPOS solution by the CMI in October 2015, to enable self-employed professionals and micro-merchants to accept card payments by smartphone or tablet. The introduction of low-cost solutions is expected to encourage merchants to accept card-based payments.

As part of moves to establish a full Islamic finance industry in the country, the Moroccan government approved a new banking law in June 2014. The initiative is expected to allow new entrants to enter the Moroccan banking sector, and introduce Sharia-compliant credit cards on a large scale. The central bank of Morocco is planning to give permission to 10 banks in Morocco to offer Islamic banking products and services by the end of 2016.
Table of Contents
1 DEFINITIONS AND METHODOLOGY
1.1 Definitions
1.2 Methodology
2 KEY FACTS AND HIGHLIGHTS
3 EXECUTIVE SUMMARY
4 PAYMENT INSTRUMENTS
5 E-COMMERCE AND ALTERNATIVE PAYMENTS
5.1 E-Commerce Market and Payment Methods
5.2 Alternative Payment Solutions
5.2.1 Mobicash
5.2.2 PayPal
5.2.3 CashU
5.2.4 AmanPay
6 REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY
6.1 Regulatory Framework
6.2 Anti-Money Laundering (AML)
6.3 Foreign Direct Investment Regulations
7 ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS
8 PAYMENT CARDS
9 DEBIT CARDS
9.1 Debit Card Market Analysis
9.2 Debit Card Scheme and Issuer Shares
9.3 Debit Cards Comparison
10 PAY LATER CARDS
10.1 Pay Later Cards Market Analysis
10.2 Pay Later Cards Scheme and Issuer Shares
10.3 Pay Later Cards Comparison
11 APPENDIX
11.1 Tables
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetrics Services
11.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Morocco Key Facts, 2015
Table 4: Regional Benchmarking of Moroccan Payment Cards, 2015
Table 5: Morocco Mode of Entry of Foreign Banks
Table 6: Morocco Debit Cards Comparison and Key Features, 2016
Table 7: Morocco Gold Credit Cards Comparison and Key Features, 2016
Table 8: Morocco Premium Credit Cards Comparison and Key Features, 2016
Table 9: Morocco Payment Instrument Transaction Values (MAD Billion), 20112015
Table 10: Morocco Payment Instrument Transaction Values (US$ Billion), 20112015
Table 11: Morocco Payment Instrument Transaction Volumes (Million), 20112015
Table 12: Morocco Number of Payment Cards in Circulation by Type (Thousand), 20112020
Table 13: Morocco Volume of Payment Cards Transactions by Type (Million), 20112020
Table 14: Morocco Value of Payment Cards Transactions by Type (MAD Billion), 20112020
Table 15: Morocco Value of Payment Cards Transactions by Type (US$ Billion), 20112020
Table 16: Morocco Number of Debit Cards in Circulation (Million), 20112020
Table 17: Morocco Debit Card Transaction Volumes and Frequency by Channel, 20112020
Table 18: Morocco Debit Card Total and Average Transaction Values by Channel, 20112020
Table 19: Morocco Debit Card Total and Average Transaction Values by Channel, 20112020
Table 20: Morocco Number of Debit Cards in Circulation by Scheme (Million), 20112015
Table 21: Morocco Debit Card Transaction Values by Scheme (MAD Billion), 20112015
Table 22: Morocco Debit Card Transaction Values by Scheme (US$ Billion), 20112015
Table 23: Morocco Debit Card Transaction Values by Issuer (MAD Billion), 20112015
Table 24: Morocco Debit Card Transaction Values by Issuer (US$ Billion), 20112015
Table 25: Morocco Number of Pay Later Cards in Circulation (Thousand), 20112020
Table 26: Morocco Pay Later Cards Transaction Volumes and Frequency by Channel, 20112020
Table 27: Morocco Pay Later Cards Total and Average Transaction Values by Channel, 20112020
Table 28: Morocco Pay Later Cards Total and Average Transaction Values by Channel, 20112020
Table 29: Morocco Number of Pay Later Cards in Circulation by Scheme (Thousand), 20112015
Table 30: Morocco Pay Later Cards Transaction Values by Scheme (MAD Million), 20112015
Table 31: Morocco Pay Later Cards Transaction Values by Scheme (US$ Million), 20112015
Table 32: Morocco Pay Later Cards Transaction Values by Issuer (MAD Million), 20112015
Table 33: Morocco Pay Later Cards Transaction Values by Issuer (US$ Million), 20112015
Table 34: Morocco Personal and Commercial Pay Later Cards Transaction Volumes (Million), 20112020
Table 35: Morocco Personal and Commercial Pay Later Cards Transaction Values (MAD Million), 20112020
Table 36: Morocco Personal and Commercial Pay Later Cards Transaction Values (US$ Million), 20112020
Table 37: Morocco Number of Commercial Pay Later Cards in Circulation (Thousand), 20112020
Table 38: Morocco Commercial Pay Later Cards Transaction Volumes (Million), 20112020
Table 39: Morocco Commercial Pay Later Cards Transaction Values (MAD Million), 20112020
Table 40: Morocco Commercial Pay Later Cards Transaction Values (US$ Million), 20112020

List of Figures
Figure 1: Morocco Payment Instrument Shares by Transaction Value (%), 2011 vs. 2015
Figure 2: Morocco Payment Instrument Shares by Transaction Volume (%), 2011 vs. 2015
Figure 3: Morocco E-Commerce Value, 20112020
Figure 4: Morocco Population
Figure 5: Morocco Economic Indicators
Figure 6: Morocco ATMs and POS Terminals
Figure 7: Morocco Household Consumption
Figure 8: Morocco Growth in Payment Cards Transaction Values, 20112015
Figure 9: Morocco Number of Cards in Circulation by Type, 20112015
Figure 10: Morocco Debit Card Penetration, 2015
Figure 11: Morocco Turnover Per Debit Card, 2015
Figure 12: Morocco Debit Card Scheme Shares in Terms of Transaction Value (%), 2015
Figure 13: Morocco Debit Card Issuer Shares in Terms of Transaction Value (%), 2015
Figure 14: Morocco Pay Later Card Penetration, 2015
Figure 15: Morocco Turnover Per Pay Later Card, 2015
Figure 16: Morocco Pay Later Cards Scheme Shares in Terms of Transaction Value (%), 2015
Figure 17: Morocco Pay Later Cards Issuer Shares in Terms of Transaction Value (%), 2015

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