TANGER MED AND BANQUE CENTRALE POPULAIRE SIGN A MEMORANDUM OF UNDERSTANDING

On Thursday April 13th, Banque Centrale Populaire (BCP) and Tanger Med Port Authority (TMPA) signed a memorandum of understanding to develop technological payment solutions for the port sector, which will be integrated into the Blockchain platform of the Tanger Med Port Community System.

The signing ceremony took place at Tanger Med Port, in the presence of Mr. Hassan ABKARI, Managing Director of Tanger Med Port Authority and Mr. Kamal MOKDAD, Managing Director of BCP and International. This new cooperation, the first outcomes of which are scheduled for the end of 2023, will enable the design of payment solutions based on Blockchain technology, tailored to the needs of the port ecosystem (port users, suppliers, and other stakeholders), and allowing them to benefit from the advantages of this innovative technology, particularly in terms of efficiency, transparency, security, and cost reduction.

Under this agreement, Tanger Med Port Authority will provide its knowledge and experience of the port ecosystem, including its infrastructure, operations, and regulatory framework. For its part, Banque Centrale Populaire will contribute its expertise and resources to support the development of payment solutions based on Blockchain technology in the port ecosystem.

At the signing ceremony, Mr. Hassan ABKARI stated, “Tanger Med has developed functionalities based on Blockchain technology and integrated into its Port Community System, covering all stakeholders involved at port level, from shipping lines to final importers. This new collaboration with BCP represents an opportunity for Tanger Med and its customers to improve its offer and complete the range of services developed around its blockchain, for better automation and security of documentary and financial flows generated by import and export operations.”

Mr. Kamal MOKDAD stated, “This new collaboration represents an opportunity for BCP Group and Tanger Med to explore jointly the undeniable contributions of Blockchain and new technologies in general to the excellence and competitiveness of the port system. We’re delighted to be able to contribute our expertise and resources to enhance the experience of port ecosystem stakeholders, through innovative solutions that simplify and streamline the associated payment operations”.