The e-commerce activity is up 34.4% in number and 19.3% in amount compared to the same period of 2021, says the CMI in its latest report on the Moroccan electronic money activity.

The online payment activity of Moroccan cards showed an increase of 34.9% in the number of transactions to 5.9 million in the first quarter of 2022, and 15.1% in the amount to 2 billion dirhams in Q1-2022, the same source adds.

Regarding the activity of online payments of foreign cards, it has increased by 25.8% in number of transactions, to 388 thousand transactions and by 41.4% in amount, to 272.4 million dirhams, says the CMI, noting, in this regard, that the activity is still very strongly dominated by Moroccan cards to the tune of 93.8% in number of transactions and 88.2% in amount.

The report also shows that merchants and e-merchants affiliated to the CMI recorded 30.9 million payment transactions, by Moroccan and foreign bank cards, for a total amount of 12.1 billion dirhams, up 27.5% in number of transactions and 22.1% in amount.

By sector of activity, 25.2% of payments by Moroccan and foreign bank cards (in terms of volume) were made in the retail sector (22.7%), followed by the clothing sector (9.5%), gas stations (8.6%), restaurants (8.1%), hotels (7.2%), health (5.5%), furniture & electronics (4.8%) and other sectors (33.6%).