The Banque Centrale Populaire (BCP) and Tanger Med Port Authority (TMPA) have recently announced a groundbreaking partnership, introducing the “Blockchain Payment Gateway” to Morocco’s logistics sector. This landmark agreement, unveiled during the Tanger Logistics Days, reflects the joint commitment of both institutions to deliver cutting-edge, secure, and efficient payment solutions for port operators.
The introduction of the Blockchain Payment Gateway marks a pivotal moment in the collaboration between BCP and TMPA, with the aim of revolutionizing financial transactions within the port system. Developed by BCP, this gateway seamlessly integrates with Tanger Med’s blockchain platform, designed to streamline port operations. The technology brings a host of benefits, including enhanced security, transparency, and instantaneous payment processing, significantly reducing the risk of errors and fraud.
Looking forward, both entities plan to gradually extend the blockchain solution to a wider client base, including importers, freight forwarders, and transport companies. Beyond the immediate improvement in payment security, the blockchain technology also offers optimal traceability for transactions and supports the automation of financial and documentary flows. This automation leads to greater efficiency, providing operators with real-time tracking and simplified payment management.
The integration of blockchain technology by Tanger Med and BCP represents a major shift for Morocco’s logistics landscape. By embracing this advanced technology, both partners aim to boost the competitiveness of logistics players while fostering the growth of the national and regional port economy. The initiative is also set to open the door for broader adoption of blockchain in other key sectors.
Kamal Mokdad, CEO of BCP, emphasized the significance of this first operation for Morocco’s port economy: “The BCP Group and Tanger Med Port Authority wanted to position blockchain as a real driver of excellence and competitiveness for the national and regional port system.” He also expressed his pride in BCP leading the way in this technological advancement.
Hassan Abkari, General Manager of Tanger Med Port Authority, highlighted the strategic importance of blockchain for the evolution of port services: “Through this partnership with BCP, we have made significant progress by securing the ‘good to release’ authorization, opening the door to wider adoption of this technology across the entire logistics chain.”
This pioneering initiative by BCP and Tanger Med solidifies their status as leaders in technological innovation, propelling the development of Morocco’s port and logistics sector. As automation and digitization become essential drivers of competitiveness and economic growth, this partnership symbolizes a new era for port payments.
The deployment of the Blockchain Payment Gateway is part of a broader push for digital transformation in port services. This technology is expected to play a central role in reshaping commercial exchanges, ensuring unprecedented fluidity and security. Through this alliance, BCP and Tanger Med are laying the foundation for a future where technology and operational efficiency become the cornerstones of Morocco’s port success.
