Bank Al-Maghrib (BAM), Morocco's central bank, has announced a reduction in interchange fees on national card payments, effective July 1, 2026. The decision aims to encourage digital payments and reduce cash usage in the economy.
According to a BAM press release, the new fee structure lowers the maximum interchange fee from 0.7% to 0.5% for debit card transactions and from 1.2% to 0.9% for credit card transactions. The changes apply to all domestic point-of-sale transactions.
This move is part of Morocco's National Strategy for Financial Inclusion, which targets increasing the share of digital payments to 70% of all transactions by 2030. The central bank expects the fee reduction to lower costs for merchants and potentially lead to lower prices for consumers.
Industry analysts note that similar reductions in other countries have led to a 15-20% increase in card usage within the first year. Morocco's card payment volume grew by 12% in 2025, reaching 1.2 billion transactions.
