Visa, the world leader in digital payments, and Crédit Agricole du Maroc are joining forces to offer their customers an innovative, fast and secure payment experience by digitizing Visa payment cards via the bank’s CAM Pay mobile solution. Thus, thanks to this mobile payment solution, holders of Crédit Agricole du Maroc / Visa bank cards will now be able to digitize their cards and make electronic payments in a secure and transparent manner, directly from their smartphone.
Crédit Agricole du Maroc is the first bank in Morocco and Africa to launch the tokenization service for all its payment cards, reinforcing its commitment to providing its customers with cutting-edge payment solutions. With this innovation, the CAM aims to improve the customer experience and facilitate their transactions.
“We are delighted to launch this new service in partnership with Visa. Digitizing payment cards is an important step in transforming the payment experience for our customers,” said Mr. Abdelmounaim Dinia, Managing Director of Crédit Agricole du Maroc. “Our daily leitmotif is to democratize access to digitalization for all of our customers and to promote financial inclusion via Digital.”
The launch of this new mobile payment service reinforces the commitment of Visa and Crédit Agricole du Maroc to introduce the latest payment innovations in Morocco and to encourage the adoption of digital payment solutions in order to provide a of high quality payment to their customers.
“We operate through valuable partnerships with key players such as Crédit Agricole du Maroc, partnerships that bring convenient, advanced and exceptional digital payment solutions to consumers in Morocco. This collaboration with Crédit Agricole du Maroc offers a fast, secure and seamless payment experience,” said Sami Romdhane, Managing Director of Visa International Morocco. “The launch of tokenization on CAMPay is a concrete example of developing strategic partnerships with key financial institutions, in order to bring the latest payment innovations to the Moroccan market.”
CAMPay is one of the first solutions for the digitization of payments in Morocco and the region. This digitization responds to a need born during the pandemic, a period during which consumers strongly restricted the use of cash, which resulted in the emergence of digitized card solutions to meet consumer demand for fast, convenient and contactless payments.
Visa
Visa (NYSE: V) is a global leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities in more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling people, businesses and economies to thrive. We believe economies that include everyone, everywhere elevate everyone, everywhere, and we believe access is fundamental to the future of the money movement.
Credit Agricole of Morocco
Crédit Agricole du Maroc is a universal bank that, beyond its agricultural expertise, operates in all sectors of economic activity and in several financing projects.
Its network of more than 500 agencies across the Kingdom allows it to be closer to its customers by offering them products and services tailored to their needs.
