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© 2025 - All Rights Reserved - AfricaNenda Foundation

morocco

    All Switch Al Maghrib (SWAM) Virements instantanés

Report Year

2025

    Virements instantanés

  • Geographic Reach

    Morocco

  • Gender

    No

  • Geographic Region

    Northern Africa

  • Coverage

    Domestic

  • Year Of Establishment

    2023

  • Ips Type

    Bank

  • Interoperability Arrangement

    Multilateral

  • Governance Typology

    Public Private Partnership (PPP)

  • Ownership Model

    Regulator-owned

  • System Owner

    GROUPEMENT POUR UN SYSTEME INTERBANCAIRE DE TELECOMPENSATION (GSIMT)

  • Overseer

    Bank al Maghrib (central bank)

  • System Governance

    Bank al Maghrib (central bank)

  • Operator

    GROUPEMENT POUR UN SYSTEME INTERBANCAIRE DE TELECOMPENSATION (GSIMT)

  • Settlement Agent

    Bank al Maghrib (central bank)

  • Number Of Unique Ips End Users

    -

  • Total Number Of Participants2025

    17

  • Number Of Direct Participants Commercial Banks

    17

  • Number Of Direct Participants EMoney Issuers

    -

  • 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

  • Supported Instruments

    Credit EFT

  • Primary Local Channel

    App

  • Supported Channels

    App, Agent (banking), Browser

  • Qr Code Enabled Type

    -

  • Messaging Standard

    ISO 20022

  • Proxy Id

    Bank account number

  • Other Proxy Id Type

    -

  • Business Model

    Not-for-profit

  • Pricing Structure

    Pricing consists of distributing operating and investment costs among members on the basis of a rule which is approved annually by the general meeting which brings together all the banks.

  • Scheme Rules Public

    No

  • Additional Recourse Requirements

    No

  • Dispute Resolution Mechanism

    Yes

  • Api Use Function

    Yes

  • Startup Funding Source

    Source of funding: GSIMT members/Cost of the platform: 16 million dirhams

  • Participation In Decision Making

    Yes

  • Mechanism For Decision Making

    A rule for designating board members is established based on their discussions. This designation is reviewed every two years.

  • Ability To Become Direct Participants

    Yes

  • Entities That Cannot Participate

    -

  • Min Value For Transactions

    No min. value

  • Corporate Structure

    Other

  • Other Corporate Structure

    Cooperative non-profit organisation (Groupement d'Intérêt Économique (GIE))

  • Pull Request To Pay Enabled

    -

  • Third Party Connections Enabled

    -

  • Real Time Payment Confirmation

    Yes

  • Transaction Validation Enabled

    Yes

  • Inclusivity Ranking

    Not ranked