Pay10 Maroc announced that Bank Al-Maghrib granted the company approval as an Établissement de Paiement. The company described this authorization as a major step toward a modern, inclusive, and digitally strengthened Moroccan economy. Pay10 Maroc expressed gratitude to the central bank for the license.
Authorization and Objectives
With the license, Pay10 Maroc plans to collaborate with national stakeholders to help build secure and interoperable payment infrastructure. The company says merchants and SMEs will benefit from faster settlements, more equitable costs, and smoother digital payments. It positions these outcomes as reinforcing financial inclusion and supporting sustainable growth across the Kingdom.
Company Background
Pay10 Maroc is the Moroccan branch or representation of Pay10 Global, a fintech and e-payment solutions provider headquartered in Dubai. Pay10 focuses on enabling an inclusive e-payment ecosystem for local and global markets. Its services include payment gateways, payouts, and multi-channel online payments to support digital transformation and operational efficiency.
Platform and Services
The company operates a scalable, mobile-first Alternative Payment Method platform. The platform enables instant payments, merchant services, and real-time cross-border transactions for the digital economy. It is designed to seamlessly connect individuals and businesses across borders.
Regulatory Alignment
Pay10 champions domestic payment schemes in the markets where it operates. The firm states that it works in close alignment with the mandates of central banks in each market. This approach is intended to advance national digital economy agendas and support financial inclusion.
Local Presence and Timeline
Pay10 has participated in fintech events such as GITEX Africa 2024 in Marrakesh. The company maintains an office presence in Casablanca Finance City to support its African operations and expansion plans. Pay10 was founded in 2017 in India and launched its first suite of products in 2018.
By securing approval from Bank Al-Maghrib, Pay10 Maroc is positioned to pursue its plans for interoperable and secure digital payments in Morocco. The company links this milestone to faster settlements, fairer costs, and improved access for merchants and SMEs. It frames the license as a foundation for advancing financial inclusion and supporting sustainable growth nationwide.