Open Banking in Morocco

Planned

Morocco is planning open banking development under Bank Al-Maghrib, aiming to modernize its financial sector and expand financial inclusion across North Africa.

Key Facts

Approach

Regulated

Regulatory Body

Bank Al-Maghrib

Topics

Open Banking

Data Scope

Banking data, Payment services

Timeline

2023Bank Al-Maghrib explores open banking as part of financial sector modernization strategy

Open Finance in Morocco

Morocco is in the planning stages for open banking under Bank Al-Maghrib. As the largest economy in North Africa, Morocco's approach to open banking could influence regional developments. The central bank has been modernizing payment infrastructure and expanding mobile money access, creating foundations for eventual open banking regulation. Morocco's strategic position and growing fintech interest support the case for framework development.

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Related Resources

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