FinTech and Financial Inclusion: Unlocking Growth Opportunities for Moroccan SMEs

Essabir Mohamed () and Tani Wafaa ()
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Essabir Mohamed: Ibn Zohr University, Doctoral student at the Faculty of Legal, Economic and Social Sciences of Agadir
Tani Wafaa: Ibn Zohr University, Professor and Researcher, at the Faculty of Legal, Economic and Social Sciences of Agadir

A chapter in Proceedings of the International Conference on Multidisciplinary Research in Management and Economics (ICMRME 2025), 2025, pp 718-729 from Springer

Abstract: Abstract The swift advancement of digital technologies and financial innovations, especially in the realm of financial technology (FinTech), is transforming Morocco’s financial services ecosystem and creating new growth opportunities for small and medium-sized enterprises (SMEs). Despite their crucial role in driving the Moroccan economy, SMEs continue to face significant challenges in accessing traditional financing, including limited collateral, high interest rates, and complex administrative procedures. This study examines how FinTech solutions—such as digital lending platforms, mobile payments, and peer-to-peer financing—are enhancing financial inclusion, reducing transaction costs, and bridging geographic and socioeconomic gaps, especially for underserved and rural businesses. By analyzing the regulatory framework, adoption levels, and the practical experiences of Moroccan SMEs, the research identifies both opportunities and constraints in leveraging FinTech to promote inclusive growth. The findings highlight the transformative potential of digital technology and financial innovation to position Moroccan SMEs as engines of sustainable economic development, competitiveness, and innovation.

Keywords: Digital technology; Financial innovation; Financial technology (FinTech); Moroccan Context; Small and medium-sized enterprises (SMEs) (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-892-9_41

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