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In recent years, Morocco has experienced an increase in bank account ownership among the population aged 15 years and older. In 2025, around 42 percent of the population had an account with a financial institution, rising from 28.4 percent in 2022.

Cash and the emergence of digital payments  

Despite the increase in bank account ownership, cash remains dominant in Morocco. In 2023, cash was the main payment method used at point of sale in Morocco, accounting for 77 percent of transactions. This trend extends to e-commerce purchases as well. However, credit cards are also gaining popularity in the African continent for both online and POS transactions. 

Financial inclusion in Africa  

Across the African continent, almost 59.33 percent of the population was expected to have a bank account in 2025, rising from 39 percent in 2017. This confirms the efforts set to improve financial inclusion and literacy to adopt formal financial services. Although not as prominent, instant payment systems are making their way through the continent, with 28 systems being active as of 2024, most of which were in East Africa. This addition helps make financial services easily accessible to the public.