Pay10 got it , a leading company in the field of methods Alternative Payment ( APM) ), licensed as a payment institution by Bank Al-Maghrib, which enables the company to facilitate digital payments across the Kingdom.
This regulatory approval represents an important step in the expansion path. Pay10 Global reinforces its commitment to building a secure, interoperable, and compatible payment infrastructure for real-time payment systems , in line with Morocco’s vision for financial inclusion and digital transformation.
Under this license , you will provide Pay10 Payment Solutions Alternative ( APM ) for merchants and their customers through seamless integration with local payment systems in Morocco, enabling instant settlements, competitive transaction costs, and secure digital experiences that will enhance merchant attraction and encourage their adoption of these solutions across the country.
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Harry Gill, Chairman of Pay10, said: We would like to thank Bank Al-Maghrib for granting Pay10 . Payment Institution License . This achievement represents an important step in our journey to enable Morocco’s vision towards a modern, inclusive, and digitally based economy . Thanks to this license, Pay10 Together with national stakeholders, we are building a secure and interoperable payments infrastructure that gives merchants and SMEs access to faster settlements, more competitive costs, and seamless digital payments, enhancing financial inclusion and enabling sustainable growth across the Kingdom .”
Morocco stands out as one of the most promising fintech ecosystems . ) is a dynamic sector in Africa, supported by a forward-looking regulatory framework and the growing adoption of digital payments. Digital transactions in Morocco have continued to grow steadily, reflecting the country’s shift toward electronic payments as part of its national financial inclusion agenda.
The entry will contribute Pay10 enters the Moroccan market to accelerate this momentum by providing merchants and SMEs with modern, interoperable payment tools that improve liquidity, enhance efficiency, and enable them to compete more effectively in the digital economy.
