This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress-Rabat
THE Morocco Telecom group And Visa have signed a Memorandum of Understanding (MOU) to establish a framework for global collaboration and explore cooperation opportunities in Morocco and in the group’s African subsidiaries. This partnership marks a key step in expanding digital payments and strengthening financial inclusion on the continent.
Visa (Nyse: v), world leader in electronic payments, and Morocco Telecom groupPioneer telecommunications operator in Africa, announce a strategic partnership in Morocco and a Memorandum of Understanding (MOU) for the entire African continent.
This unprecedented partnership begins with Mt Cashthe mobile money solution of Morocco Telecomwhich will integrate payment solutions Visa in its digital wallets. This innovation will allow its users to make secure electronic payments, money transfers, payments to traders, and much more.
A global collaboration framework for Africa
This strategic partnership aims at Expand access to digital financial serviceshas accelerate digital transformation of the continent and to offer innovative payment solutionsadapted to the needs of the sub-banCarized populations.
This agreement is fully part of the strategy of Morocco Telecom groupfocused on Innovation and the Technological synergy with national and international partners. This initiative should stimulate the adoption of mobile payments and facilitate financial inclusion in all the countries where the operator is present.
Through this cooperation, Visa reaffirms his mission to make digital payments accessible to all. The signing of this memorandum of understanding with the Morocco Telecom group opens the way to a new era of collaboration In Africa, with a strong expected impact on financial inclusion and digital innovation.
Visa and the Morocco Telecom group thus reaffirm their commitment to support the digitalization of financial services and to support the growth of mobile payments in Africa.
