Visa and BANK OF AFRICA renew their long-standing Strategic Partnership to Drive Digital Transformation of Payments in Morocco

BANK OF AFRICA, a leading Moroccan financial institution, and Visa, a world
leader in digital payments, today announced the renewal of their long-standing strategic partnership. This new
commitment builds on a long and successful history, including BANK OF AFRICA’s pioneering role as the first
Moroccan bank to integrate with Visa in 1982, and reinforces their shared commitment to delivering cutting-
edge payment solutions and seamless experiences to consumers across Africa.
This new strategic partnership focuses on innovation and the acceleration of payment technologies. This
partnership will enhance the electronic payment solutions for our customers. It also aims to continue to
transform the financial services landscape in Morocco through a series of innovative products and solutions in
the local market. This collaboration will not only facilitate the implementation of smooth and personalized
payment journeys, but also provide advanced resources to ensure efficient and secure management of digital
payments.
« This strategic partnership with Visa is a pivotal moment for BANK OF AFRICA and for the future of payments
in Africa, » said Khalid Nasr, Executive Managing Director of BANK OF AFRICA. « Building on our pioneering
history as the first Moroccan bank to partner with Visa, and as a leader and constant innovator in digital
payments and digitization in Morocco and across the continent, we are joining forces again to accelerate the
adoption of innovative payment solutions. Together, we will empower our customers to thrive in the digital
economy by providing them with the tools and access they need to fully participate in the modern financial
landscape. »
Leila Serhan, Senior Vice President and Group Country Manager for North Africa, Levant and Pakistan,
said: « This renewed partnership with BANK OF AFRICA underscores Visa’s commitment to driving innovation,
particularly in Morocco. By combining our global expertise with BANK OF AFRICA’s proven leadership in digital
transformation, we are confident that we can deliver truly transformative payment solutions. This includes
providing value-added services to Moroccan customers, offering them enhanced convenience, security and
access to seamless payment solutions that fit their evolving lifestyle needs. »