Is BNPL available in Morocco?
Yes, but it is young. Alya was approved by Bank Al-Maghrib in March 2024 to offer interest-free payment in up to four installments, and acquirers are adding split payment to terminals. Only 10% of consumers have tried BNPL, according to the Mastercard New Payments Index.
In detail
Yes, but it is young. Deferred payment long existed informally in Morocco, with shopkeepers keeping a tab, but the first regulated player only arrived in 2024. Alya received Bank Al-Maghrib approval in March 2024 to split purchases into two, three or four interest-free installments.
Awareness ahead of use
In the Mastercard New Payments Index, 74% of Moroccan consumers know the concept, 39% are comfortable with it and 10% have already used it.
Installment credit is already large
Consumer credit outstanding reached 162 billion dirhams at the end of 2024, up 7.9%, with finance companies such as Wafasalaf and Salafin growing faster than banks. Acquirers and gateways, including the CMI, Naps and Barid Bank, are adding split payment options to their terminals and gateways, which should bring installment payments to more checkouts.
What it means for payment operators
For operators serving Moroccan merchants, BNPL is an emerging option rather than an expected one. Watching which acquirers add split payment, and connecting an approved provider when merchants ask for it, lets you offer installments without a separate integration for each merchant.