Morocco has implemented a reduction in interchange fees on card payments, effective July 2026, as part of a broader strategy to promote electronic payments and financial inclusion. The reform, announced by Bank Al-Maghrib, lowers the maximum commission on debit card transactions from 0.7% to 0.35% and on credit card transactions from 1.2% to 0.6%.
According to the central bank, the move aims to reduce costs for merchants, particularly small and medium-sized enterprises, and encourage them to accept card payments. The measure is expected to accelerate the digitization of payments in Morocco, where cash still accounts for over 90% of transactions.
Industry experts note that lower fees could also benefit consumers indirectly through lower prices or increased acceptance of cards by merchants. The reform aligns with Morocco's National Financial Inclusion Strategy, which targets a 50% reduction in cash usage by 2030.
