Morocco’s Central Bank Caps Card Payment Fees at 0.65% to Curb Excessive Charges

Until now, the amount of these interchange fees was free, which could lead to significant disparities between the various banking institutions. By setting a ceiling, Bank Al-Maghrib aims to establish greater equity and limit costs for merchants.

This measure should not have any impact on the price of consumer goods and services. Indeed, the regulations prohibit merchants from passing on these fees to their customers. Thus, the final consumer should not see their expenses increase due to this new measure.

Beyond the financial aspect, this decision is part of a more global approach aimed at strengthening the security of payment systems and encouraging the development of electronic payments, Bank Al-Maghrib is keen to specify.