Global Economy
Saham Payments Takes Over Segment of CMI’s Merchant Portfolio to Boost Morocco’s Payment Landscape
In line with Morocco’s drive to modernise its payments ecosystem, Saham Payments is set to acquire a slice of the merchant portfolio managed by the Centre Monétique Interbancaire (CMI). The transaction is designed to widen competition among payment institutions, speed up the rollout of advanced card‑payment solutions and reinforce Saham’s commitment to innovation and service quality for merchants across the country.
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Background
As part of Morocco's national initiative to modernize payment services, Saham Payments is preparing to assume a portion of the merchant portfolio currently managed by the Centre Monétique Interbancaire (CMI). The move aims to increase competition among Payment Institutions (EPI) and expand the range of solutions available to Moroccan merchants.
Strategic impact
The acquisition is a cornerstone of Saham Payments' growth strategy. By inheriting these merchant contracts, the company will speed up the rollout of modern, user‑friendly card‑payment solutions across all market segments, from small retailers to large e‑commerce platforms.
Integrated offering
Saham Payments delivers a full‑stack service that blends personalized support with cutting‑edge payment technology. Its portfolio includes electronic payment terminals as well as online checkout tools, helping merchants streamline daily cash‑flow management.
Leadership comment
Mohamed EL MORABIT, CEO of Saham Payments, said: “The evolution of the card‑acceptance market opens a new era for payment solutions in Morocco. Acquiring part of CMI’s merchant contracts gives us the chance to guide this transition with a value‑added, transparent approach focused on innovation.”
Commitment to transformation
Through this transaction, Saham Payments reaffirms its role as a key driver of the Moroccan payments ecosystem, putting service quality, proximity to merchants, and continuous innovation at the heart of its mission.