Crédit Agricole du Maroc (CAM) signed yesterday, Monday, May 9, 2022, a long-term strategic partnership with Mastercard to bring to the Moroccan market new technologies and new products and services to make everyday transactions intuitive, transparent and safe.
In a press release, Crédit Agricole du Maroc (CAM) announces that it has signed a long-term strategic partnership with Mastercard to make daily transactions intuitive, transparent and secure, thus becoming the first bank in Africa to launch digitalization of bank cards on e-commerce sites that support the “MDES for Merchant” standard.
CAM indicates that it intends to create more value for private and professional customers by offering them innovative payment solutions. It is in this context that the bank launched CAM PAY, a mobile payment solution that allows customers to scan their bank card to pay for their purchases by smartphone, in Morocco and abroad. Thus, all of its customers, holders of a Mastercard bank card and owners of an Android mobile device with Near Field Communications (NFC) technology, can easily benefit from this solution.
“CAM is committed, through its new digital payment platform, to the payment of the future and positions itself as a leader and forerunner in the area. Our customers can now protect themselves against attacks on e-commerce sites that result in the intrusion of bank data,” said Abdelmounaim Dinia, managing director and member of the executive board of Crédit Agricole in Morocco, quoted in this press release.
In addition, this partnership with Mastercard reinforces the group’s strategy and commitment to financial inclusion, mainly through digital means, and affirms CAM’s desire to meet the new needs of the Moroccan market for individuals and professionals.
“We are delighted to partner with Mastercard to offer this new service, which expands the payment channels created by Crédit Agricole du Maroc as part of our omnichannel strategy, in order to provide customers with speed, security and efficiency. more than ever committed to promoting innovative banking services in Morocco, namely through the promotion of mobile payment and the diversification of payment channels”, explains Abdelmounaim Dinia.
“We have seen a seismic shift in customer behavior towards digital and contactless payment channels over the last two years. Our secure tokenization technology allows customers to use a mobile phone or connected device to securely and conveniently make payments using NFC technology online, via the app or in-store. , Mohamed Benomar, Mastercard Country Director for North Africa.
“These convenient payment mechanisms give retailers the ability to meet consumer needs by eliminating the need to carry cash, queue at stores to pay, carry a wallet or remember too many passwords to make a payment,” he added.
Other innovative new solutions will be introduced, including the prestigious World Elite biometric card, which is a first for North Africa to be launched. It features an in-display fingerprint sensor that provides an additional layer of security to conveniently verify the cardholder’s identity for in-store purchases.
Leveraging Mastercard technology, Crédit Agricole du Maroc customers who hold a Mastercard World Elite card can access unique and exclusive benefits such as concierge services, travel insurance and access to airport lounges.
With CAM PAY and the digital payment platform supporting the “MDES for Merchants” standard, Crédit Agricole du Maroc is the first bank in Africa to resolutely commit to the payment path of the future defined by the “Click To Pay” standard. . EMVco (Europay MasterCard Visa Consortium).