Cash Plus

Cash Plus is a Moroccan payment institution, not a bank: licensed by Bank Al-Maghrib under law 103-12, it may hold payment accounts and execute transfers and payments, but does not collect interest-bearing deposits or grant credit. Founded in 2004 in Casablanca by Nabil Amar, its chairman and CEO, the company has grown in twenty years from a money-transfer network into a proximity fintech with share capital of 245 million dirhams, claiming 8,000 direct and indirect jobs (official website). Its head office is at 1 rue des Pléiades, Casablanca; the customer relations centre answers on 05 20 02 09 15.

Stock-market listing: Cash Plus has been listed on the Casablanca Stock Exchange since 8 December 2025, after a MAD 750 million offering at 200 dirhams per share (2 million new shares and 1.8 million shares sold) approved by the AMMC and oversubscribed around 64 times by nearly 81,000 subscribers (Médias24). After the transaction, the Amar and Tazi families each keep 35.1% of the capital, Mediterrania Capital Partners 14.3% and the free float stands at 15.5%. Proceeds from the capital increase fund new branches and digital financial solutions.

Key first-half 2026 figures: according to the results published at the end of July 2026 and reported by Le Matin, consolidated net banking income reached 476 million dirhams (+15%), operating income 274 million (+20%, a 58% margin) and group net income 151 million (+18%); total volumes handled across all activities came to 62 billion dirhams (+21%). The network counted 5,530 points of sale at end-June 2026, including 330 opened since January.

Money transfers: Cash Plus is one of the country's two major cash networks alongside Wafacash. According to our 2026 comparison of 7 transfer services, cash pickup is instant on presentation of the national ID and the transfer code, fees for a transfer from Europe are around MAD 30 to 45 — among the lowest for cash —, and the operator acts as a payout point for Western Union, MoneyGram and Ria. MRE transfers to Morocco are unrestricted, with no cap, through a licensed channel; the exchange rate applied tracks Bank Al-Maghrib's rate with a reduced margin on standard corridors.

Payment account and everyday services: the Cash Plus Mobile app (iOS, Android) opens a payment account with a wallet, lets you pay water, electricity, phone and internet bills, top up, buy ONCF tickets and obtain a virtual card for online purchases; branches also handle currency exchange, CNSS reimbursement payouts and Tawssil parcel delivery. Our m-wallet comparison explains the difference between a payment-institution wallet, standalone but without cheque book or credit, and a wallet linked to a bank account.

Using Cash Plus, step by step: 1) to receive a transfer, go to a branch with your national ID and the code provided by the sender; 2) to send, give the beneficiary's exact name and pay in cash or from the wallet; 3) to open a Cash Plus Mobile account, download the app, scan your national ID and complete identification (progressive limits depending on the verification level); 4) keep the receipt: as long as the transfer has not been collected, it can be cancelled or amended.

Complaints and recourse: first send a written complaint to Cash Plus's customer relations centre (branch, app or [email protected]). If the answer is unsatisfactory, you may refer the matter to Bank Al-Maghrib, which supervises payment institutions. Reminder: Cash Plus offers neither credit nor savings; for a loan, compare banks and finance companies in our 2026 consumer credit guide.

Wafir.ma is an independent comparison site: neither a credit or payment institution licensed by Bank Al-Maghrib nor an insurance intermediary licensed by ACAPS. Fees quoted are observed ranges; only Cash Plus's official fee schedule is binding.