Bank Al-Maghrib: Moroccans Withdrew 460bn Dirhams in 2025
Bank Al-Maghrib's annual report shows Moroccans withdrew 460 billion dirhams in cash via bank cards in 2025, as electronic payments and digital wallets continue to expand.
In its annual report on payment means and financial market infrastructure for 2025, Bank Al-Maghrib reveals that Moroccans withdrew a total of 460 billion dirhams in cash via bank cards, across 450 million transactions, up 14% in value and 12% in number compared with 2024, which recorded 403 billion dirhams across 401 million transactions.
Cash withdrawals outpace electronic payments
Withdrawals made up 87% of the total value of bank card transactions in 2025, up from 86% in 2024, while the average withdrawal rose to about 1,022 dirhams, from about 1,005 dirhams the previous year. By contrast, card payments (purchases and services) reached only 70.8 billion dirhams across 230.1 million transactions, up just 20% in number and 12% in value - meaning cash withdrawals are worth roughly 6.5 times the value of card payments.
| Year | Withdrawal value | Number of transactions | Average withdrawal |
|---|---|---|---|
| 2024 | 403 billion dirhams | 401 million | about 1,005 dirhams |
| 2025 | 460 billion dirhams | 450 million | about 1,022 dirhams |
Electronic payments keep growing despite cash dominance
Meanwhile, electronic payment channels kept expanding: point-of-sale terminals recorded 184.5 million transactions worth 58.6 billion dirhams, up 20% from 153.3 million transactions in 2024, while contactless payments' share of point-of-sale value rose from 27% to 30%. Online card payments rose from 38.5 million transactions worth 11 billion dirhams to 44.8 million transactions worth 12.1 billion dirhams, up 16% in number and 10% in value.
E-wallets expand, boosted by social aid programs
The number of e-wallets reached 16.4 million by the end of 2025, up from 13.7 million in 2024 (+20%), while wallet transactions jumped from 19.7 million to 28 million (+42%), with their value rising from 3.9 billion to 7.3 billion dirhams - the central bank attributes part of this growth to social aid payments made through payment accounts. Of 20 e-wallet offerings in Morocco, payment institutions hold 73% of wallets (about 12 million), with banks accounting for the remaining 27%.
The continued dominance of cash, despite this expansion of digital payment tools, reflects a structural challenge for Bank Al-Maghrib's policy of reducing cash use in daily transactions - a finding that echoes another issue the central bank recently flagged over struggling households' debt arrears. Bank Al-Maghrib says it is working with banks, payment institutions and other market players on measures to boost electronic payment adoption in Morocco.