Morocco's central bank, Bank Al-Maghrib (BAM), has announced a reduction in the commission fee for bank card transactions. Effective October 1, 2026, the new fee is set at 0.5%, down from the previous rate of 0.65%. This move aims to decrease the cost associated with card payments, particularly for certain categories of transactions considered a priority.
The new commission structure also includes a specific cap of 0.15% for small businesses and government payments. According to BAM, this change benefits all parties involved. For merchants, the reduced commission fees are expected to lower the cost of card payments and encourage the adoption of electronic payment terminals.
The decreased commission fees are also anticipated to increase the acceptance of card payments, especially for small transactions. This change may help alleviate one of the main obstacles to card acceptance. As a result, consumers can expect a wider range of electronic payment options at points of sale.
The increased adoption of electronic payment terminals is expected to facilitate everyday payments and reduce reliance on cash. This shift is part of a broader effort to promote electronic payments in Morocco. By reducing commission fees, BAM aims to make card transactions more attractive to both merchants and consumers.
The central bank's decision is expected to have a positive impact on the economy. By promoting electronic payments, Morocco can reduce the costs associated with cash transactions and increase financial inclusion. The move is also likely to encourage the use of digital payment systems, which can help to formalize the economy.
According to BAM, the new commission structure is designed to benefit all stakeholders. The reduction in commission fees is expected to lead to increased adoption of electronic payment systems, which can help to drive economic growth. The central bank has been working to promote financial inclusion and reduce the costs associated with cash transactions.
The new commission fees will apply to all bank card transactions in Morocco. The central bank has encouraged banks and payment institutions to implement the new fees and to promote the use of electronic payment systems. The move is expected to have a positive impact on the economy and to contribute to Morocco's financial development.
Key points
- Morocco's central bank has reduced the commission fee for bank card transactions to 0.5% from 0.65%, effective October 1, 2026.
- The new commission structure includes a specific cap of 0.15% for small businesses and government payments.
- The reduced commission fees are expected to increase the adoption of electronic payment systems and promote financial inclusion in Morocco.
