Tag: payment institution

Payment institutions in Morocco: a starting point to a new FinTech ecosystem!

ep_maroc_eng

Circulars related to the payment institution status have been published recently by Al-Maghrib Bank and specifies the details of implementation of the “banking law” dated 5 March 2015 in Morocco.  

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PSD2: impacts on Core Banking System (CBS)

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In addition to a wider scope than the first, the PSD2 also implements new services such as payment initiation and accounts information that have an impact on the CBS or the information system of banks and financial institutions.

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The new banking law in Morocco: an opening rich in opportunities for banks and new financial intermediaries

Bank Al-Maghrib

Law n° 103.12 on credit establishments and assimilated bodies that was first passed in November 2014 and called “Banking law” was published in the Official bulletin N° 6328 (Arab Version) and N° 6340 (French Version) on March 5th, 2015.

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