UAE and Morocco to Link Instant Payment Systems

The CBUAE and Bank Al-Maghrib signed two MoUs on October 3, making Morocco the first North African country in the UAE's instant payment network. Both the UAE's Aani and Morocco's GSIMT run on the ISO 20022 standard, easing integration. The deal targets transfers for 800,000 Moroccans in the UAE and a $13.4 billion remittance flow.

• MoUs signed on October 3 in Abu Dhabi by the two central bank governors
• Aani and GSIMT both use the ISO 20022 messaging standard
• About 800,000 Moroccans live in the UAE
• Moroccan remittances abroad hit $13.4 billion in 2025