Saham Bank has officially launched its new subsidiary, Saham Payments, a company specialized in electronic payment solutions, as part of a strategic effort to accelerate the digitalization of financial transactions, particularly in traditional and small-scale retail sectors across Morocco.
This initiative aligns with a broader economic trend marked by the growing adoption of digital payment methods in Morocco, as consumers and merchants increasingly turn to digital tools to streamline commercial transactions.
Saham Payments’ Service Offering:
Saham Payments provides an integrated range of services, including:
A variety of electronic payment terminals (fixed, mobile, and online-commerce-ready);
Mobile payment solutions via smartphones;
On-site support services covering device installation, user training, and ongoing technical assistance.
Asmae Hajjami, CEO of Saham Bank, emphasized that the goal is to facilitate a smooth and secure transition to digital payments, with a focus on building user confidence and expanding access.
Meanwhile, Mohamed El Morabit, CEO of Saham Payments, highlighted the company’s strategy of establishing close relationships with local merchants by delivering reliable, easy-to-use solutions that meet their day-to-day needs.
Parallel Investment Development:
The launch comes at the same time that Moroccan businessman Moulay Hafid Elalamy acquired 12% of Saham Bank’s capital from Deveco Souss for 1.55 billion dirhams, strengthening his investment position within the financial group.
Additionally, on July 7, his investment company Investima sold 3.10% of the micro-credit firm Eqdom’s capital to Saham Bank, in line with commitments tied to the ongoing public tender offer targeting the company.
