5
Egypt. regional banks
and 11 private
Islamic
commercial
banks).
14 micro-finance
associations.
and
microfinance
banks and
financial
institutions,
which serve
SMEs and
microfinance
needs.
branches, 7
foreign banks
with 27
branches, as
well as 4
specialised
banks with 547
branches.
operating in
Turkey, in addition
to 48
representative
offices of foreign
banks.
110
representative
offices of foreign
banks. Emirates
NBD is the largest
bank in terms of
total assets.
Large Value
Payment
System
The RTGS
system
Automated
Clearing House
(ACH).
BI-RTGS
SKNBI
BCAO-RTGS Système des
Règlements Bruts
du Maroc (SRBM)
Central Bank
Interbank
Funds Transfer
System (CIFTS).
Nigerian
Automated
Clearing System
(NACS)
Automated
Clearing House
(ACH)
Pakistan Real-
time Interbank
Settlement
Mechanism
(PRISM)
TIC-RTGS UAE Funds
Transfer System
(UAEFTS)
Image cheque
clearing system
(ICCS)
Retail
Payment
System
Cash.
Cheques
Credit transfers
Payment cards
Direct debits
Drafts.
Giros.
Cross-border
Mobile money
Cash
Credit transfers
Direct debits
Payment cards
Cheques and
bilyet giros
Postal
instruments
Electronic money
Cross border
Mobile money
Cash
Cheques
Credit transfers
Payments cards
ATM Transaction
Mobile
Banking/Paymen
ts
Bills of exchange
Promissory notes
Cash
Cheques
Credit transfers
Debit transfers
Payments cards
Mobile money
Cash
Cheques
Credit transfers
Debit transfers
Payment cards
Mobile payment
Internet
payment
Cash
Cheques
Payment cards
Mobile money
Cash
Credit transfers
Direct debits
Cheques
Payment cards
Promissory note
Postal instruments
Cash
Cheques
Credit transfers
Direct debits
Payment cards
Electronic money
Drafts
Giros
Cross-border
General
outlook
Slower growth,
but not negative
Increasing
competition
among the
leading players
Lack of
infrastructure
make
smartphones
and tablet PCs
increasingly
popular
The rising
Payment cards
remains
prevalent
The role of e-
money is
increasing
MNOs are
increasing their
stake in
providing e-
money
Banking and
financial services
are mainly
Cash remains the
popular means of
transaction
Mobile payment
is a quite recent
but fast-growing
phenomenon
Mobile payment
systems have a
great potential in
contributing
towards financial
inclusion
Cash payments
still dominate,
and electronic
payments have
also seen
increase usage
Most Moroccan
consumers
remain cautious
when making
purchases via the
internet
The competitive
environment did
Cash dominated
the transactions
CBN encourage
the elimination
of the amount of
cash and coins
Risk and
security
management
are the major
challenges
A series of
initiatives had
been
Cash-dominant,
sometimes even
for large
business
transactions.
Shops and
restaurants
rarely accept
cards, or charge
a premium of
2.5%.
There are no
3rd party
wallets,
Payment cards
demonstrated
volume and
current value
growth
Pre-paid cards
demonstrated the
highest growth in
terms of cards in
numbers and value
Regulations limit
the performance of
personal credit
cards
Banks worked
together to raise
awareness of the
safety of using
cards at POS
rather than solely
for ATM
withdrawal
A huge influx of
expatriates had a
profound positive
effect on
payment cards,
with more people