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M2T (Maroc Telecommerce)

“Can Morocco's largest BCP-backed payment-agent network leverage 25 years of cash-transaction infrastructure to dominate merchant card acceptance and digital payments across Morocco and West Africa?”

Founded2001
HQEspace Perla, La Colline, Lot N°22, Sidi Maarouf, Casablanca, Morocco
IndustryFintech / Payments infrastructure
The story

Founded in 2001 as a BCP Group subsidiary and Bank Al-Maghrib licensed payment institution, M2T built Morocco's largest physical payment agent network under two brands: Chaabi Cash (money transfer) and Tasshilat (bill payment), reaching 7,000+ points of sale. Over two decades it expanded into mobile money with Chaabi Pay. In May 2025 it secured full card-acquiring status from Bank Al-Maghrib and launched CHAABI PAYMENT, pivoting from a pure cash/agent-network operator to an integrated card-acquiring and payment solutions provider for merchants across Morocco.

Last 12 months
2025-05
Product timeline
2001
Founded as Maroc Traitement de Transactions SA (M2T), a subsidiary of Groupe BCP, licensed as a payment institution by Bank Al-Maghrib.· banking
2001
Launched Chaabi Cash money transfer network, building a physical agent network across Morocco.· banking
2001
Launched Tasshilat multiservices bill payment network across thousands of partner points of sale.· banking
2020
Launched Chaabi Pay, a Mobile Money digital wallet application for everyday payments.· banking
2025
As of 1 May 2025, became a full card-acquiring institution (acquéreur monétique) and launched CHAABI PAYMENT, a merchant card-payment acceptance solution.· card
Regulated entities
2
regulatory licences held by M2T (Maroc Telecommerce)
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in M2T (Maroc Telecommerce)’s embedded-finance stack
Payments / PSP
Chaabi Payment (self-operated)
Banking / BaaS
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.