Damane Cash has teamed up with ZTE Corporation at GITEX Africa Morocco 2026 to improve digital financial services and make mobile payments easier to use.
The partnership will upgrade Damane Cash’s systems using artificial intelligence, cloud technology and telecom expertise. The main focus is improving the M-Wallet app so transactions are faster and more secure.
The goal is to help more people across Morocco access digital financial services, especially in remote areas. The companies plan to combine ZTE’s technology with Damane Cash’s wide network of branches to reach more users.
Damane Cash is part of BMCE Capital Group, which is part of Bank of Africa. The company started with money transfers but has grown into a major payments provider with strong local coverage.
Mobile wallets are a key part of Morocco’s push to bring more people into the formal financial system. They allow users to send money, pay bills and shop using a phone, but trust and connectivity have slowed adoption. ZTE will work on improving network performance to make services more reliable.
The companies focused on three main areas. Using AI to analyse spending and support micro-credit scoring, moving systems to the cloud so they can handle busy periods, and strengthening cybersecurity to reduce fraud.
