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CAM digitizes bank cards on e-commerce sites

Crédit Agricole du Maroc (CAM) is digitizing its bank cards on e-commerce sites. The group thus claims to be the first bank in Africa to launch this service which supports the “MDES for merchant” standard. CAM signed, in fact, on May 9, a long-term strategic partnership with Mastercard in order to bring to the Moroccan market new technologies and new products and services to make daily transactions intuitive, “transparent and secure”. Through this agreement, CAM intends to create more value for individual and professional customers by offering them “innovative” payment solutions.

In this context, the Bank launched CAM PAY, a mobile payment solution, allowing customers to digitize their bank card to pay for their purchases by smartphone, in Morocco and abroad. Thus, all its customers holding a Mastercard bank card and having an Android mobile device using Near Field Communications (NFC) technology can benefit from this solution.

“The CAM is committed, through its new digital payment platform, to the payment of the future and is positioning itself as a leader and precursor in the field. Our customers can now protect themselves against attacks on e-commerce sites which result in the hacking of bank data,” says Abdelmounaim Dinia, managing director and member of the group’s management board.




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