Cash Plus: A business volume of 87 billion MAD by the end of September
Cash Plus Continues Its Growth After the First Nine Months of 2026
Cash Plus has reported significant growth by the end of September 2026, achieving a transaction volume of 87 billion dirhams, which marks a 20% increase year-on-year. This performance is complemented by a 14% rise in consolidated net banking income, reaching 734 million dirhams, largely driven by the expansion of its local network and the development of financial and digital services.
A Network of 5,580 Points of Sale by the End of September
The commercial momentum of Cash Plus is significantly bolstered by its enhanced territorial coverage. Since the beginning of the year, the group has opened 380 new agencies, bringing its network to a total of 5,580 points of sale as of September 30, 2026, up from 5,200 at the end of December 2025.
This expansion has also led to an increase in average revenue per user (ARPU), which has risen to 103 dirhams, demonstrating a 13% annual growth.
In the third quarter, consolidated net banking income amounted to 258 million dirhams, reflecting a 14% increase compared to the same period in 2025. For the first nine months of the year, this figure reached 734 million dirhams, confirming the growth recorded across the group’s various activities.
Growth in Money Transfers and Payment Accounts
Financial services have further contributed to this upward trend, particularly driven by the growth in money transfers and the expansion of the commercial network. Commissions generated from this activity reached 274 million dirhams in the third quarter, marking an 11% increase year-on-year. By the end of September, the total stood at 780 million dirhams, showcasing a 13% growth.
On the other hand, payment accounts exhibited even more significant growth. Commissions associated with this service climbed to 83 million dirhams in the third quarter, up 29%. In total, for the first nine months of 2026, they amounted to 239 million dirhams, an increase of 24%.
This growth can be attributed to the disbursement of educational aid in September, along with the rising popularity of the instant transfer service. In September alone, the service recorded 46,100 transactions, representing a processing volume of 97 million dirhams.
Over One Billion Dirhams in Commissions by the End of September
Overall, consolidated commissions for the group reached 357 million dirhams in the third quarter, reflecting a 15% annual increase. By the end of September, total commissions had accumulated to 1.019 billion dirhams, also representing a 15% year-on-year growth.
Revenue from proximity services also played a crucial role in achieving this performance, contributing 177 million dirhams in the third quarter, a 6% increase. For the first nine months of the year, revenue from these services reached 488 million dirhams, compared to 444 million dirhams during the same period in 2025, marking a 10% increase.
Investments Focused on Digital Initiatives
As of September 30, 2026, Cash Plus recorded investments amounting to 37 million dirhams. These resources were primarily allocated to strengthening the group’s technological infrastructure and supporting the development of its digital services offering.
Meanwhile, the social net banking product reached 599 million dirhams by the end of September. Furthermore, there were no changes in the group’s consolidation scope during the third quarter.
These results reflect the continuous growth of Cash Plus, supported by the expansion of its network, the increase in financial activities, and the acceleration of its digitalization strategy.
