Crédit du Maroc announced on Friday, August 1, the launch of CDM Pay, a new subsidiary specializing in electronic payment solutions for merchants, entrepreneurs, and liberal professionals. This launch follows Morocco's opening of the electronic payments market and aligns with the national payments strategy aimed at reducing cash usage, modernizing the economy, and expanding access to financial services across the Kingdom, Crédit du Maroc said in a press release. «The launch of our new subsidiary, CDM Pay, reflects our commitment to innovation. This is a structural step for the Crédit du Maroc group and for all Moroccan professionals we aim to support in their digital transformation», stated Ali Benkirane, Chairman of the Management Board. Approved by Bank Al-Maghrib, CDM Pay offers diversified payment solutions designed to help businesses capture new revenue streams, save time, and reduce cash handling. The company provides physical POS terminals for traditional retail points, SOFT POS technology that transforms smartphones into payment terminals, and e-commerce platforms for secure online transactions. CDM Pay offers personalized support through expert guidance and flexible pricing adjusted to each business's size and ambitions, contributing to the democratization of modern payment methods throughout Morocco.
