CFAs: Enhancing Payment Systems Security and Resilience at Bank Al-Maghrib (Morocco)

The European Commission is offering an action grant to enhance the capacities of Bank Al Maghrib in Morocco, focusing on payment systems security, operational resilience, and fraud prevention. This opportunity aims to bolster the financial infrastructure in Morocco, with a deadline for submissions on 20 January 2027. This grant aims to strengthen the capacities of Bank Al Maghrib by improving the security and resilience of payment systems and preventing fraud in payment systems and instruments. The initiative is part of the broader Neighbourhood program, targeting enhancements in financial system infrastructure to ensure safer and more efficient financial transactions. The total budget for the grant is €1,000,000. The funding is intended to support activities that enhance payment system security, operational resilience, and fraud prevention capabilities within Bank Al Maghrib. Specific allocation amounts per recipient are not specified in the source. Eligible applicants are organizations operating within Morocco. The source does not specify additional eligibility criteria, so potential applicants should consult the official documentation for detailed eligibility requirements. Enhancing the security and resilience of payment systems is crucial for maintaining financial stability and fostering trust in the financial sector. This grant supports Morocco’s efforts to modernize its banking infrastructure, making it more robust against cyber threats and fraud. What is the total funding amount available? The total funding amount available for this grant is €1,000,000. Who can apply for this grant? Organizations operating in Morocco are eligible to apply. Specific eligibility criteria should be verified from the official guidance documents. What is the deadline for application submission? The deadline for submitting applications is 20 January 2027. Where can I find the official application guidelines? The official application guidelines can be found on the EU Funding & Tenders Portal. What activities does the grant support? The grant supports activities related to strengthening payment systems security, enhancing operational resilience, and preventing fraud in payment systems and instruments. Eligible organizations should review the official guidelines and prepare to submit their applications by the deadline. For detailed instructions and to access the application portal, visit the EU Funding & Tenders Portal.