Bank Al-Maghrib (BAM) has announced a reduction in interchange fees for card payments, effective October 1, 2026. The measure aims to lower transaction costs for merchants and encourage electronic payments.
According to BAM, the new fee structure will apply to all domestic debit and credit card transactions. The central bank stated that the reduction is part of ongoing efforts to modernize the payment system and promote financial inclusion.
Merchants are expected to benefit from lower costs, which could potentially lead to reduced prices for consumers. The exact new fee rates have not been disclosed in the initial announcement.
