64 MEA MARKETS / Business Awards 2021 Since 2017, NAPS has been the national operator specialising in secure electronic payment methods and services. A subsidiary of M2MGroup, NAPS is the first Moroccan non-bank which innovates on a daily basis tomake electronic payment methods accessible and useful everywhere, for everyone, whether an individual, merchant, professional or company. Most Innovative Payment Solutions Provider - North Africa NAPS is the Moroccan leader in the dematerialisation of cash; it is a fintech leveraging the best and latest technologies to bring efficient financial services to consumers for an innovative and completely secure e-payment experience. With its pioneering TPE and e-commerce acquisition solutions for merchants and its payment card offer for individuals and businesses, NAPS addresses the needs of all users and works to implement the digitalisation of services and payments across all sectors and aspects of daily life. Cash circulation in Morocco as of the end of December 2020 was estimated at 300 billion dirhams – a 20% increase compared to 2019. However, card transactions are also on the rise, with 89% being withdrawals, and only 11% representing card payments. NAPS is on a mission to address the payments ecosystem of the country as a whole, offering all Moroccans new possibilities and comforts of accessing innovative, useful and user-friendly payment methods on a daily basis. M2M Group’s more than 30 years of expertise in electronic payment solutions gives NAPS an advantage and makes it a privileged partner of smart cities. The company has therefore partnered with renowned operators within the public service, local commerce, micro-finance, education, e-Gov, public transport, and tourism sectors, including WeCasablanca, Tramway Rabat-Salé, Lydec, and UM6P and other schools. These partnerships enable NAPS to make its services more accessible in people’s daily lives, whether for shopping, transport, or sporting and cultural events. NAPS has also implemented an innovative concept for the digitalisation of payments for the whole family, with a multi-card offer (four cards or more) aiming to facilitate and dematerialise the use of cash between members of the same family. The pack manager can remotely reload, activate or deactivate cards as required, and they can also add or remove members. This solution allows parents to set a recurring spending cap for children, as well as enable specific transaction types. Indeed, it’s easy to see how NAPS has come to earn its MEA Business Awards 2021 success, with it being very much on the way towards its ambitious vision of a cashless Morocco. With its cutting-edge technology and dedication to giving everyone access to easier payments, we are confident that the company will achieve its goal. Company: NAPS Contact: Hassan Ghellab Email: [email protected] Website: www.naps.ma
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