Casablanca, February 12, 2025 – BANK OF AFRICA, a leading Moroccan financial institution, and Visa, a world leader in digital payments, today announced the renewal of their long-standing strategic partnership. This new commitment builds on a long and successful history, including BANK OF AFRICA's pioneering role as the first Moroccan bank to integrate with Visa in 1982, and reinforces their shared commitment to delivering cutting-edge payment solutions and seamless experiences to consumers across Africa.

This new strategic partnership focuses on innovation and the acceleration of payment technologies. This partnership will enhance the electronic payment solutions for our customers. It also aims to continue to transform the financial services landscape in Morocco through a series of innovative products and solutions in the local market. This collaboration will not only facilitate the implementation of smooth and personalized payment journeys, but also provide advanced resources to ensure efficient and secure management of digital payments.

"This strategic partnership with Visa is a pivotal moment for BANK OF AFRICA and for the future of payments in Africa," said Khalid Nasr, Executive Managing Director of BANK OF AFRICA. "Building on our pioneering history as the first Moroccan bank to partner with Visa, and as a leader and constant innovator in digital payments and digitization in Morocco and across the continent, we are joining forces again to accelerate the adoption of innovative payment solutions. Together, we will empower our customers to thrive in the digital economy by providing them with the tools and access they need to fully participate in the modern financial landscape."

Leila Serhan, Senior Vice President and Group Country Manager for North Africa, Levant and Pakistan, said: "This renewed partnership with BANK OF AFRICA underscores Visa's commitment to driving innovation, particularly in Morocco. By combining our global expertise with BANK OF AFRICA's proven leadership in digital transformation, we are confident that we can deliver truly transformative payment solutions. This includes providing value-added services to Moroccan customers, offering them enhanced convenience, security and access to seamless payment solutions that fit their evolving lifestyle needs."

About BANK OF AFRICA

BANK OF AFRICA is a leading pan-african financial services group. Capitalizing on its ownership by O Capital group, regional leader involved in diverse business sectors with high-growth potential, BANK OF AFRICA is a universal bank with a highly diversified range of operations including retail, commercial, investment banking and specialized financial services such as leasing, factoring, consumer credit and debt recovery. Present in 32 countries including 20 in Africa, the group perpetuates itself through a continental strategy while maintaining an international vocation as it is well positioned in Africa, Europe, Asia and north America. It’s today the 3rd largest Moroccan banking institution with over 15000 professionals across its different subsidiaries.

For more information about BANK OF AFRICA, follow us on bankofafrica.ma or our social media platforms Facebook, X, LinkedIn, Instagram, TikTok and YouTube

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com