Finance & Business

HPS sells testing division to Synanto to sharpen focus on payments

HPS sells testing division to Synanto to sharpen focus on payments

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HPS has signed a conditional agreement to sell its Testing division to French digital services firm Synanto Services SAS, marking a key milestone in...
Orange Maroc launches first AI platform tailored for local businesses

Orange Morocco fuels cyber innovation with investment in Nucleon

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Orange Morocco is doubling down on its commitment to digital innovation by backing the growth of Nucleon Security, a promising cybersecurity startup. As part...
Captured CO₂: OCP Nutricrops partners with OCP Green Water and INNOVX

Captured CO₂: OCP Nutricrops partners with OCP Green Water and INNOVX

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OCP Nutricrops is ramping up its commitment to carbon capture with a bold new move aimed at turning industrial emissions into sustainable solutions. The...
The Interbank Electronic Payment Center will now have a few extra months to complete its exit from the merchant acquiring market. Originally scheduled for October 31, 2025, the withdrawal will now take place gradually through the spring of the following year. This extension comes after the Competition Council approved a formal request to delay the process. According to a newly released decision, the Council granted the Center’s appeal to push back the timeline for transferring its merchant contracts to card payment systems. Contracts involving government agencies and public institutions must now be handed over by April 30, 2026. For all other merchants, the new deadline has been set for January 31, 2026. The extension was granted based on several factors cited by the Center, including the administrative complexity of securing necessary approvals and the country’s large-scale mobilization for the 2025 Africa Cup of Nations. Authorities aim to prevent any disruptions in electronic payment services during the high-demand tournament period. Despite stepping away from the acquiring business, the Center will remain active as an open, neutral technical platform available to all acquirers. This move is in line with the commitments outlined in Decision No. 152/D/2024 issued by the Council, which is designed to promote a more competitive market and open the door for new players—particularly among emerging Payment Institutions. To ensure compliance with the updated deadlines, the Competition Council has introduced a daily penalty for any delays. It also pledged to closely monitor the transition to uphold fair competition and ensure a smooth shift in market operations.

CMI opens doors to competition with landmark digital payment overhaul

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In Casablanca, the Interbank Electronic Banking Center has taken a decisive step toward reshaping Morocco’s digital payment ecosystem. At a high-level gathering attended by...
Royal Air Maroc launches direct flights between Casablanca and Munich

Casablanca takes off: Royal Air Maroc launches direct flights to Chad

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Royal Air Maroc has launched a new direct route connecting Casablanca to N'Djamena, the capital of Chad, marking a fresh push into Central Africa....
Chery brings its super hybrid lineup to Morocco

Chery brings its super hybrid lineup to Morocco

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At a high-profile event held at the Four Seasons Hotel in Casablanca, Africa Motors, a subsidiary of Auto Hall Group and the official distributor...
Agadir taps Datastory for AI-powered smart command center

Agadir taps Datastory for AI-powered smart command center

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Agadir is taking a major step forward in its digital transformation with the development of a Unified Smart Command Center powered by conversational artificial...
AtlantaSanad unveils AI assistant Assia for more personalized customer service

AtlantaSanad unveils AI assistant Assia for more personalized customer service

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AtlantaSanad Assurance has taken a major leap in customer service with the launch of Assia, its brand-new AI-powered virtual assistant. This digital innovation, a...
The new Opel Frontera arrives with hybrid and electric options

The new Opel Frontera arrives with hybrid and electric options

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Opel is stepping up its game in Morocco with the launch of the all-new Frontera, a stylish, family-friendly SUV available as either a hybrid...
Chinese EV brand Leapmotor lands in Morocco with Stellantis

Chinese EV brand Leapmotor lands in Morocco with Stellantis

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Stellantis Morocco is expanding its portfolio with the introduction of Leapmotor, a Chinese electric carmaker that is officially entering the Moroccan market. Known for...

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