Switch Al Maghrib (SWAM)
- Geographic Reach
Morocco
- Gender
No
- Geographic Region
Northern Africa
- Coverage
Domestic
- Year Of Establishment
2018
- Ips Type
Mobile-money
- Interoperability Arrangement
Multilateral
- Governance Typology
Industry led
- Ownership Model
Jointly owned
- System Owner
SWAM
- Overseer
Bank al Maghrib (central bank)
- System Governance
Bank al Maghrib (central bank)
- Operator
SWAM
- Settlement Agent
Bank al Maghrib (central bank)
- Number Of Unique Ips End Users
-
- Total Number Of Participants2025
21
- Number Of Direct Participants Commercial Banks
8
- Number Of Direct Participants EMoney Issuers
13
- Number Of Direct Participants MFIs
-
- Number Of Direct Participants Other
-
- Number Of Direct Participants Post Office
-
- Indirect Participants Type
-
- Number Of Indirect Participants
-
- Supported Use Cases
P2P, P2B , G2P
- Supported Instruments
E-money
- Primary Local Channel
App
- Supported Channels
Agent (e-money), Agent (banking), App, QR Code, ATM
- Qr Code Enabled Type
Both
- Messaging Standard
ISO 8583
- Proxy Id
Mobile phone number, QR code
- Other Proxy Id Type
-
- Business Model
-
- Pricing Structure
Pricing based on the number of exchanges in the place + Pricing of the services offered
- Scheme Rules Public
No
- Additional Recourse Requirements
No
- Dispute Resolution Mechanism
Yes
- Api Use Function
Yes
- Startup Funding Source
-
- Participation In Decision Making
Yes
- Mechanism For Decision Making
GP2M, APEP
- Ability To Become Direct Participants
Yes
- Entities That Cannot Participate
-
- Min Value For Transactions
No min. value
- Corporate Structure
Public listed company
- Other Corporate Structure
-
- Pull Request To Pay Enabled
Yes
- Third Party Connections Enabled
No
- Real Time Payment Confirmation
Yes
- Transaction Validation Enabled
No
- Inclusivity Ranking
Basic
