Tagged: morocco

October 21, 2024 @ 3:15 pm By Omar Faridi  |  

Backbase, the global enabler of Engagement Banking, is announcing its partnership with CIH BANK, one of Morocco’s financial institutions, to enhance banking for customers. CIH BANK’s partnership with Backbase is part of a movement among Moroccan financial institutions to embrace innovation and deliver digital experiences…. Read More

January 19, 2024 @ 10:14 am By JD Alois  |  

The Moroccan Capital Markets Authority (AMMC) has published a new guide on crowdfunding. The guide is to help market participants understand the regulatory and legal requirements to operate under the new framework. According to the AMMC: “The new handbook presents a summary of the main… Read More

September 27, 2023 @ 11:03 pm By Omar Faridi  |  

The MENA region reportedly has the sixth largest crypto economy of any region studied this year, “with an estimated $389.8 billion in on-chain value received between July 2022 and June 2023,” according to an update from Chainalysis. Chainalysis also mentioned that this “represents nearly 7.2%… Read More

September 12, 2023 @ 10:32 am By Omar Faridi  |  

In response to the devastation caused by the recent earthquake in Morocco, Binance Charity will airdrop up to $3 million in BNB to Binance users “identified as living in the areas affected by the tragedy.” Identification of the users will be “based on Proof of… Read More

June 20, 2023 @ 9:21 am By Omar Faridi  |  

The International Monetary Fund (IMF) is reportedly working on a solution for central bank digital currencies (CDBCs) to support financial transactions between nations, IMF MD Kristalina Georgieva revealed on Monday (June 19, 2023). As reported by Reuters, Georgieva told a conference attended by various reserve… Read More

June 10, 2023 @ 4:36 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and NAPS, a Moroccan fintech company, have announced a collaboration to develop various payment solutions for individuals as well as business organizations. The new partnership aims to consolidate the solid historical relationship between the two entities. NAPS says it is on a… Read More

July 29, 2022 @ 8:05 am By Omar Faridi  |  

Paysend, the UK-headquartered Fintech with more than 7 million customers, announced a partnership with Damane Cash, a payments institution and subsidiary of Bank of Africa, to “enable money transfers to Morocco.” With features like low fixed fees, upfront exchange rates, faster transfer speeds and the… Read More

June 8, 2022 @ 12:34 am By Omar Faridi  |  

CaixaBank, which claims to be Spain’s “leading” financial institution, has launched FXNow, its online platform that enables customers to trade currencies “in real time, quickly, securely and without intermediaries, in Morocco.” With the launch, CaixaBank claims it has become “the only Spanish bank in Morocco… Read More

April 19, 2021 @ 10:37 pm By Omar Faridi  |  

Morocco is reportedly one of the most prominent Fintech hubs in the MENA region, as it’s currently home to approximately 13% of around 400 regional Fintech businesses, according to research carried out by financial inclusion supporter Consultative Group to Assist the Poor (CGAP). The report,… Read More

March 12, 2020 @ 9:43 pm By Omar Faridi  |  

Orange is launching Orange Money in Morocco. The solution will allow mobile customers, regardless of which telecom operator they use, to perform transactions through a digital wallet linked with their cell phone number.  Orange Money will allow smartphone users to perform everyday financial transactions, pay… Read More

February 22, 2020 @ 3:24 pm By JD Alois  |  

Morocco has adopted a bill to create a legal framework for crowdfunding according to a report on Media24. The legislation is designed to: “… contribute to the mobilization of new sources of funding for the benefit of very small, small and medium-sized enterprises and young people… Read More

July 24, 2019 @ 1:16 pm By Samantha Hurst  |  

German payment platform Wirecard announced on Tuesday it has formed a partnership with Morocco’s national airline Royal Air Maroc to integrate digital payments globally. Wirecard reported it will handle all the payments for the airline’s online and travel agency bookings. “Royal Air Maroc is set… Read More

September 20, 2018 @ 8:37 am By Cali Haan  |  

Soluna, a self-described “blockchain company” with offices in New York has announced plans to build a 37,000 acre wind farm and Bitcoin mine in a part of Morocco the Sahrawi tribe says belongs to them, Ars Technica reports. Soluna is seeking $100 million from investors… Read More

April 15, 2018 @ 2:41 pm By JD Alois  |  

Renwick Haddow, a UK national, was extradited from Morocco to the US for committing fraud that saw over $36 million stolen from investors. The extradition is just part of a long criminal saga by Haddow. Last year, the SEC joined the U.S. Attorney’s Office for the… Read More