“Can Morocco's national interbank payment switch evolve from a closed bank-consortium infrastructure into an open platform that powers all electronic payments—POS, e-commerce, mobile, and bill collection—for every merchant, fintech, and public institution in the country?”
CMI was established in 2004 as Morocco's national interbank card-payment switch—a bank-consortium infrastructure entity rather than a commercial startup. Over two decades it expanded from pure card acquiring into a full multichannel payments platform (Fatourati), covering POS terminals, e-commerce, mobile wallets, and bill payment for public and private operators. Since 2024 CMI has been accelerating its digital transformation, launching Soft POS (Tap to Mobile), multi-currency DCC with Global Blue, and opening its Fatourati platform to third-party fintechs via aggregator APIs—positioning itself as Morocco's embedded payments infrastructure backbone.
CMI (Centre Monétique Interbancaire) processes payments through CMI E-commerce Payment Platform (self-operated).
CMI (Centre Monétique Interbancaire) uses Global Blue for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 2 layers in CMI (Centre Monétique Interbancaire)'s stack: Payments / PSP (CMI E-commerce Payment Platform (self-operated)); FX & payouts (Global Blue).
CMI (Centre Monétique Interbancaire) is founded in 2004 and headquartered in Casablanca, Morocco.
Get a read on where your own stack stands against CMI (Centre Monétique Interbancaire) and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.