This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
The Morocco Telecom and Visa group signed on Tuesday in Rabat, a Memorandum of agreement (MOU) to establish a framework of global collaboration and explore cooperation opportunities in Morocco and in the African subsidiaries of the group.
This unprecedented partnership marks a key step in expanding digital payments and strengthening financial inclusion on the continent, Maroc Telecom said in a press release.
The said partnership begins with MT Cash, the Mobile Money solution from Morocco Telecom, which will integrate visa payment solutions in its digital portfolios, said the press release.
This innovation will allow its users to make secure electronic payments, money transfers, payments to traders, and much more.
This strategic partnership aims to expand access to digital financial services, to accelerate the digital transformation of the continent and to offer innovative payment solutions, adapted to the needs of sub-banCarized populations.
This agreement is fully part of the Strategy of the Morocco Telecom group, focused on innovation and technological synergy with national and international partners.
This initiative should stimulate the adoption of mobile payments and facilitate financial inclusion in all countries where the operator is present.
Through this cooperation, Visa reaffirms its 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.
