During a press conference on June 23, 2026, Bank Al-Maghrib Governor Abdellatif Jouahri addressed the status of British fintech Revolut's application to operate in Morocco. He revealed that he met with Revolut executives, accompanied by a Moroccan representative, in early June 2026.
Jouahri stated that Revolut expressed interest in entering the Moroccan market, but the process has not advanced due to the company's failure to meet certain regulatory requirements. He emphasized that Bank Al-Maghrib is open to fintech innovation but must ensure compliance with local laws and consumer protection standards.
The governor did not specify which requirements Revolut has not yet fulfilled, but noted that the central bank is in ongoing discussions with the company. He reiterated that any foreign financial institution operating in Morocco must adhere to the same rules as local players.
Revolut, a digital banking app valued at over $33 billion, has been expanding in several markets but faces regulatory hurdles in some countries. Its entry into Morocco would mark a significant step in the North African country's financial sector modernization.
