Emirati fintech firm Pay10 has secured regulatory approval from Bank Al-Maghrib, granting it permission to begin operating as a licensed payment institution in Morocco. This authorization marks a significant step for the company, allowing it to formally enter the country’s rapidly growing digital payments ecosystem.
Pay10, known for its focus on alternative payment solutions, plans to offer its services to businesses and consumers across Morocco. With this license, the company can now link its technological infrastructure directly to Moroccan payment networks, enabling real-time transactions and competitive processing fees.
According to company president Harry Gill, the approval reflects a strong alignment between Pay10’s business strategy and Morocco’s broader economic goals. He emphasized the firm’s commitment to working closely with local stakeholders to strengthen payment infrastructure, support small and medium-sized enterprises, and expand access to modern financial services.
Pay10’s entry into the Moroccan market comes at a time when the country is pushing ahead with its digital transformation. A series of national initiatives and regulatory reforms have already laid the groundwork for greater adoption of electronic payments. This favorable climate has encouraged several new players to enter the space, and Pay10’s arrival is expected to further fuel the sector’s momentum.
Headquartered in the United Arab Emirates and active in around a dozen countries, Pay10 offers a unified platform that integrates mobile payments, cross-border transfers, and merchant services. Designed to adapt to local market conditions, the platform prioritizes interoperability and regulatory compliance—key factors for sustainable growth in emerging digital economies.
