Opentable Mobile Payments (OPN) has entered the mobile payments space in Morocco, the first of the major players in the sector.
The Moroccan company is backed by a consortium of banks, with an agreement to start commercial operations in 2018, a representative of the company told The Wall St. Journal.
OPN, which is based in the United Arab Emirates, will start offering mobile payments to customers of its service, and will make use of the existing infrastructure of the national carrier.
Its first mobile payment, which will be offered by its online platform, is for one cent and will be available in Morocco only, the representative said.OPN will provide payment services in Morocco for customers with no bank accounts, including for the purchase of mobile phones.
The company is expected to use its network to deliver payments to users, and the first payment for this purpose will be made in 2018.OPENPay, a mobile payment app that is being developed by Opentables subsidiary OPN Mobile Payments, is the first Moroccan mobile payment solution to have launched in the country, the spokesperson said.
The spokesperson declined to say when the payment service will be launched, saying only that it is expected in the coming months.OPENTABLE has a portfolio of mobile payment services and is also involved in the development of payment solutions for other markets, including Singapore, Singapore and India, according to the spokesperson.OPT is a subsidiary of Opentablades, which owns mobile payments services like Pay, PayPak and OpenPay.OPNT is one of Morocco’s largest mobile payment providers and the country’s largest operator of mobile terminals.
