Morocco's Central Bank Takes Major Step in Reducing Card Transaction Fees

As of October 1, 2026, Bank Al-Maghrib, Morocco's central bank, has announced a significant reduction in the transaction fees associated with the use of Moroccan bank cards. The new cap for interchange fees that banks and payment institutions can charge for transactions made using these cards within the country is now set at an impressive 0.5%. This decision follows a previous regulatory framework that had set the fee at 0.65% and introduces a more favorable 0.15% cap specifically for electronic government services (e-Gov) and transactions conducted at local merchants.

In an informative video shared on the bank's official channel, this initiative was detailed under the title "Advantages of Electronic Payment Methods". The central bank emphasized its role in ensuring the safety and efficiency of payment systems in Morocco, including those related to bank cards. To illustrate the payment process, the bank provided an example of a transaction at a bakery where the amount is first deducted from the customer's account and then transferred to the merchant's account, minus a commission for the payment service provider. This commission covers the technical tools provided to the merchant and the processing of transactions, among other services.

Furthermore, the customer's bank, which issued the card, will charge a 0.15% fee for local merchants and a 0.5% fee for other transactions. Prior to October 1, 2024, there was no specified limit on these fees, but following regulatory oversight from Bank Al-Maghrib, the fees have now been adjusted to promote safer access to electronic payment systems for both merchants and consumers.

Implications of the Fee Reduction for Stakeholders

This development is poised to benefit various stakeholders in the Moroccan economy. Merchants will see a reduction in transaction costs, encouraging them to accept card payments regardless of the transaction amount. This is expected to enhance their sales without being tied to the liquidity available in their establishments. On the consumer side, individuals will find a greater availability of electronic payment devices (TPEs) at an increasing number of retail points, providing them with convenience and efficiency in their daily transactions.

As reported by madar21.com.