Digital Payments: Pay10 Receives Approval from Bank Al-Maghrib

The regulatory approval from Bank Al-Maghrib represents a major milestone in Pay10's global expansion and reinforces its commitment to building a secure, interoperable, and real-time payment infrastructure. This aligns with Morocco's vision for financial inclusion and digital transformation. With this approval, Pay10 will offer its APM solutions to merchants and their customers through seamless integration with Morocco's national payment systems. This will enable instant settlements, competitive transaction costs, and secure digital experiences that will drive merchant acquisition and adoption across the country. Harry Gill, President of Pay10, stated, "We are grateful to Bank Al-Maghrib for granting us the payment institution license. This key milestone marks an important point in our journey to realize Morocco's vision of a modern, inclusive, and digitally strong economy. With this license, Pay10 will collaborate with national stakeholders to build a secure and interoperable payment infrastructure that provides merchants and SMEs with access to faster settlements, fairer costs, and seamless digital payments, thereby enhancing financial inclusion and fostering sustainable growth throughout the Kingdom." Morocco is emerging as one of the most dynamic fintech ecosystems in Africa, supported by a forward-looking regulatory framework and a growing adoption of digital payments. Digital transactions in Morocco have been on the rise, reflecting the country's shift towards electronic payments as part of its national financial inclusion program. Pay10's entry into the Moroccan market will help accelerate this momentum by equipping merchants and SMEs with modern, interoperable payment tools that enhance liquidity, improve efficiency, and enable them to be more competitive in the digital economy.