Bank Al-Maghrib clarifies reduction in payment fees

Bank Al-Maghrib has announced a reduction in fees for local electronic payment transactions, set to take effect on October 1, 2026. This move aims to lower costs associated with digital financial exchanges within Morocco.

The central bank's regulatory decision, number 265/w/2026, will lower the general cap on exchange fees for electronic payments from the current 0.65% to 0.50%, not including taxes. This adjustment is expected to make electronic transactions more affordable for businesses and consumers alike.

Furthermore, Bank Al-Maghrib has established a specific, lower cap of 0.15% (excluding tax) for transactions related to e-government services and those conducted with local small merchants. This targeted reduction aims to further encourage the adoption and use of electronic payments for essential government services and everyday commerce, supporting digital inclusion and economic efficiency.