Établissement de paiement spécialisé, exclusivement, en matière de transfert de fonds — Morocco

The Morocco category mapped to cross-border remittance.

The register's second statutory établissement de paiement class - 'Autres établissements de paiement spécialisés, exclusivement, en matière de transfert de fonds' (2 entities in the Rapport annuel sur la supervision bancaire, Annexe 2, at 2024-12-31). The loi n° 103-12 Art. 16 transfert-de-fonds payment service exercised alone; a lower minimum capital of MAD 6,000,000 applies (circ. 20/G/2006 Art. 2 bis, inserted by circ. 8/W/2016). The international leg of a transfer requires separate Office des Changes authorization (recorded in the MA cross-border rules), so cross-border remittance is the register-faithful mapping.

Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04 · unchanged since the previous check.

Source recency: Bank Al-Maghrib's official list is dated 2024-12-31 — the most recent official publication; verify current status directly with Bank Al-Maghrib. Entries below are as reported by that list — not a statement of current status.

Coverage note: Named-annual register: the second statutory établissement-de-paiement class (« Autres établissements de paiement spécialisés, exclusivement, en matière de transfert de fonds ») named in Bank Al-Maghrib's Rapport annuel sur la supervision bancaire, Annexe 2. Per the Exercice 2024 report (population as of 2024-12-31), 2 payment institutions hold this transfer-only EP licence.

Licensed providers

2 entities

#	Provider	Status (as reported)	Source	Source date
1	MEA FINANCES SERVICES	licensed	Bank Al-Maghrib	2024-12-31
2	TRANSFERT EXPRESS	licensed	Bank Al-Maghrib	2024-12-31

Licence requirements

What it takes to hold this licence, as stated in the cited official instruments. Capital and fees are shown in the currency the statute itself uses.

Requirement	As published	Source	Source date
Minimum capital	MAD 6,000,000 (six millions de dirhams) — the minimum paid-up capital or fully-versed endowment of a payment institution licensed exclusively for funds-transfer operations. Verbatim “1- 6.000.000,00 DH (six millions de dirhams) pour les sociétés agréées pour effectuer exclusivement des opérations de transfert de fonds.”	Circulaire du Wali de Bank Al-Maghrib n° 8/W/2016 (10 juin 2016) inserting Art. 2 bis (établissement de paiement minimum capital) into circ. 20/G/2006, as homologated (BO n° 6666 du 19-4-2018)	2016-06-10
Local presence / incorporation	A value has been located but not yet verified, so we don't publish it here.	—	—
Timeline	A value has been located but not yet verified, so we don't publish it here.	—	—
Local ownership	A value has been located but not yet verified, so we don't publish it here.	—	—
Fees	A value has been located but not yet verified, so we don't publish it here.	—	—
Ongoing obligations	A value has been located but not yet verified, so we don't publish it here.	—	—

Requirements as published in the cited instruments — not legal or compliance advice. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.

The equivalent in other markets

Categories mapped to the same normalized activity — fintech:REMITTANCE_XBORDER:

Cross-border rules for Morocco →