Morocco uses postal service to double the level of banking access

Morocco nearly doubled access to banking services in four years by creating a banking subsidiary of its national postal system. The new institution, Al-Barid Bank (ABB), has reached millions of people by using the post office’s extensive rural infrastructure to provide loans, cash transfers, ATMs and other credit facilities. ABB has also introduced a mobile payments system, available to both clients and non-account holders, and smaller outlets with more flexible opening hours that offer cash transfers.