Cash to Hold 83.7% of Morocco Payments in 2026 as 53.4% of Adults Stay Unbanked
Updated
Updated · MEED · Jul 2
Cash to Hold 83.7% of Morocco Payments in 2026 as 53.4% of Adults Stay Unbanked
1 articles · Updated · MEED · Jul 2
Summary
GlobalData estimates cash will make up 83.7% of Morocco’s total payment volume in 2026, keeping it the dominant payment method through the rest of the decade.
53.4% of Moroccan adults are expected to remain unbanked in 2026, limiting the reach of cards and account-based payments and leaving digital adoption uneven across income groups and regions.
Banks and policymakers are trying to widen access through basic accounts, financial-literacy programs and lower-cost merchant tools, including Barid Cash’s July 2025 smartphone contactless acceptance service for SMEs.
E-commerce is providing the strongest push toward digital payments: the share of people aged five and older ordering goods online rose to 24.9% in 2024 from 15.1% in 2019.
That shift still looks gradual rather than rapid, with debit cards tied to inclusion efforts while credit cards remain focused on higher-income customers and conservative risk management.