Moroccan Digital Finance Sector Boosted by New Partnerships
Two strategic partnerships were announced at GITEX Africa Morocco 2026, aimed at enhancing digital financial services and strengthening financial inclusion in Morocco. Damane Cash has partnered with ZTE Corporation to improve mobile payment systems using artificial intelligence, cloud technology, and telecom expertise. The focus is on upgrading the M-Wallet app to ensure faster and more secure transactions, thereby increasing access to digital financial services, especially in remote areas. Additionally, Money Fellows and Wafacash have signed a partnership to transform traditional savings circles, known as Daret, into a secure and regulated digital model. This initiative follows regulatory approvals from Bank Al-Maghrib and aims to empower individuals financially by enhancing existing saving practices.