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Morocco secured the highest score (3.6) and showcased a robust mobile payment landscape as it demonstrates strong growth in this vertical, riding on the back of its stability and robust protection against technical fraud
Morocco secured the highest score (3.6) and showcased a robust mobile payment landscape as it demonstrates strong growth in this vertical, riding on the back of its stability and robust protection against technical fraud. It has also led to steady growth in revenue collection by the government.
The Direct Carrying Bill (DCB) analysis also sketches the evolving landscape of mobile payments in the Middle East and Africa. This year’s overall market rating has experienced a modest increase, moving from 2.8 to 2.9. The improvement signifies the market’s advancements, particularly in innovation and anti-fraud technology. South Africa followed Morocco in the second spot, showing significant adoption of mobile money and promising potential for further DCB growth.
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Meanwhile, Côte d’Ivoire, with a score of 3.1, was identified as the fastest-growing market. The report also spotlighted the positive strides in the Middle East, with Kuwait and the United Arab Emirates making noteworthy progress. Saudi Arabia, with a 3.4 rating, solidified its relevance in the region and contributed to the overall rise in the average score.
