Maroc Traitement de Transactions

What Maroc Traitement de Transactions does

Maroc Traitement de Transactions (M2T) is a Moroccan payment services company founded in 2001 and headquartered in Casablanca. It is a wholly-owned subsidiary of BCP (Banque Populaire), one of Morocco's major banking groups, and operates as a payment institution licensed by Bank Al Maghrib, the country's central bank. The company provides four interconnected services: Chaabi Cash, a money transfer network with more than 7,000 specialized points of sale nationwide; Tasshilat, a bill and tax payment network operating through thousands of partner points; Chaabi Pay, a digital wallet mobile application for everyday payments; and Chaabi Payment, a card acquiring (acquéreur monétique) offering launched on May 1, 2025 that provides card acceptance solutions to merchants and professionals. Together these services process retail money transfers, multi-service bill payments, mobile wallet transactions, and (newly) card acquiring across the entire Moroccan territory. M2T's go-to-market is hybrid: it serves individual consumers directly through its branded retail and mobile channels, and it now targets merchants and professionals through a direct enterprise sales motion for card acquiring. All four revenue streams are transaction-fee based.

Name

Maroc Traitement de Transactions

Legal name

Maroc Traitement de Transactions

Website

https://m2t.ma

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

M2T is a Bank Al-Maghrib-licensed Moroccan payment institution and BCP Group subsidiary that processes money transfers, bill payments, mobile wallet transactions, and card acquiring for consumers and merchants through 7,000+ specialized points nationwide.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Alternative Payment Method (APM) Acquiring (e.g., BNPL, wallets, local methods) (FSAMABAL)

akta.pro secondary industries

Carrier Billing & Telco Mobile Money (FSAMAEAD), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

Keywords

• Payment processing services
• Money transfer services
• Bill payment solutions
• Mobile wallet payments
• Card acquiring services

Headquarters

HQ city

Casablanca

HQ country

Morocco

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Money Transfer Services (Chaabi Cash): Revenue generated from money transfer transactions through the Chaabi Cash network of 7,000+ specialized points of sale across Morocco.
2. Bill Payment Services (Tasshilat): Revenue from processing multi-service bill payments including utilities, taxes, and other services at partner points.
3. Mobile Money (Chaabi Pay): Digital wallet revenue from the Chaabi Pay mobile application for everyday payments.
4. Card Acquiring Services (Chaabi Payment): Revenue from card payment acquiring services for merchants and professionals, launched May 1, 2025 as the company's new acquiring entity.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels2 records

Core offering

Maroc Traitement de Transactions (M2T) is a Moroccan payment institution that delivers cash-to-cash money transfer (Chaabi Cash), multi-service bill payment (Tasshilat), a mobile wallet (Chaabi Pay), and card acquiring services (Chaabi Payment) to individual consumers and merchants across Morocco. The company operates a nationwide network of more than 7,000 specialized points of sale and is licensed by Bank Al Maghrib as a payment institution. M2T is a subsidiary of Banque Populaire / Bank Chaabi du Maroc (BCP) and serves as the group's specialized payments arm.

Product overview

M2T (Maroc Traitement de Transactions) is a payment services company and subsidiary of BCP Group, operating as a licensed payment institution approved by Bank Al Maghrib. The company offers a multi-brand product portfolio centered on financial inclusion and digital payments: Chaabi Cash (money transfer network), Tasshilat (bill and tax payment services), Chaabi Pay (mobile digital wallet), and the newly launched Chaabi Payment (payment card acquiring solutions). M2T serves the entire Moroccan territory through more than 7,000 specialized points of sale.

Differentiator

Problem solved

Functional benefit

Brands

• Chaabi Cash: Rapid, secure, and accessible money transfer services across the Kingdom of Morocco
• Tasshilat
• Chaabi Pay
• Chaabi Payment

Products and services

• Chaabi Cash
• Tasshilat
• Chaabi Pay
• Chaabi Payment

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Bank Al MaghribcoreOthersBank Al Maghrib is Morocco's central bank that granted M2T its payment institution license. This regulatory relationship enables M2T to legally operate as a payment establishment in Morocco.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Wafacash (Attijariwafa Bank): Wafacash is the money-transfer and payment-services subsidiary of Attijariwafa Bank, the largest private Moroccan bank and direct competitive counterpart to BCP. It operates a similar nationwide agent network for transfers and bill pay, making it the closest direct peer to M2T's Chaabi Cash/Tasshilat offering.
• Cash Plus: Cash Plus is a Moroccan payment institution offering money transfers, bill payment, and merchant payment services through a nationwide agent network. It directly competes with M2T in money transfer and bill-pay, often serving the same underserved and informal-economy segments.
• Orange Money Maroc: Orange Money Maroc is the mobile-money wallet operated by Orange Maroc (a subsidiary of Orange Group). It directly competes with Chaabi Pay in person-to-person transfers, bill pay, and merchant payments over mobile wallets across the Moroccan market.

Broad incumbents

• Attijariwafa Bank: Attijariwafa Bank is one of Morocco's largest banks and the parent of direct peer Wafacash. It offers broad retail, corporate, and payment services nationally and across Africa, making it a broad incumbent whose payment arm competes directly with M2T's portfolio.
• CIH Bank: CIH Bank is a Moroccan universal bank with growing card-issuing, merchant-acquiring, and digital-payment offerings. As a licensed bank with payment capabilities, it is a broad incumbent competitor to M2T's enterprise merchant-services line (Chaabi Payment).
• Bank of Africa (BMCE Group): Bank of Africa is a Moroccan universal bank (formerly BMCE) with retail, corporate, and payment-services businesses across Africa. It is the BCP group's broader-banking competitor and overlaps with M2T in card issuing, merchant acquiring, and digital wallets.
• Network International: Network International is a leading Middle East and Africa payment processor providing acquiring, issuing, and processing infrastructure. It serves merchants and banks across the region with comparable payment-acceptance technology to Chaabi Payment's card-acquiring stack.

Emerging players

• DPO Group: DPO Group (now Payfast by Network International) is a pan-African online payment service provider serving merchants across multiple African markets. It is comparable to M2T as an emerging payment-services player with merchant-of-record capabilities in a similar stage of digital-payment adoption.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maroc Traitement de Transactions