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Cash Plus Posts 10% Net Banking Profit Surge in Q1 2026, Expands Network by 140 New Branches

Cash Plus delivered a strong first‑quarter performance, with net banking profit (PNB) rising 10% to MAD 234 million and total transaction volume climbing 12% to MAD 34 billion. The group added 140 new branches, taking its footprint to 5,340 outlets, and rolled out instant transfers and QR‑code mobile payments, reinforcing its digital‑payment push in Morocco. Capital spending hit MAD 13 million, mainly directed at branch expansion and technology upgrades, while total commissions grew 9% to MAD 318 million. The results underline Cash Plus’s aggressive growth strategy and its role as a leading player in the country’s evolving fintech landscape.

May 26th, 2026
2 min read
By boursenews.ma

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Quarter‑One 2026 Highlights

  • Total transaction volume: MAD 34 billion, up 12% year‑over‑year.
  • Net banking product (PNB): MAD 234 million, a 10% increase.
  • Branch network: 140 new agencies opened, taking the footprint to 5,340 points of sale.
  • Digital innovations: launch of instant bank transfers and QR‑code mobile payments.
  • Money‑transfer commissions: MAD 250 million (up 10%), despite a calendar‑driven headwind from the shift of Ramadan and Eid dates.
  • Payment‑account commissions: MAD 68 million (+7%).
  • Total commissions: MAD 318 million, +9%.
  • Proximity services revenue: MAD 155 million, +5%.
  • Capital expenditure (CAPEX): MAD 13 million, focused on branch expansion and technology upgrades.

Cash Plus continues to execute its growth strategy by rapidly expanding its physical presence and continuously enriching its digital payment suite. The newly introduced instant‑transfer service and QR‑code payment solution align the group with Morocco’s fast‑evolving digital‑payment habits, setting the stage for broader adoption.

Money‑transfer activity, while delivering a 10% rise in commissions, faced a modest calendar‑related drag because Ramadan and Eid al‑Fitr shifted one week later compared with the prior year. Nonetheless, the segment remains a key driver of revenue.

The social‑impact PNB, which reflects the group's contribution to community‑focused banking, stood at MAD 181 million at the end of March 2026.

Overall, the quarter underscores Cash Plus’s position as the market leader in territorial coverage and a catalyst for financial inclusion through both brick‑and‑mortar and digital channels.

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