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Bank Al-Maghrib to lower interchange fee cap to 0.5% starting October 1, 2026
via Le Matin1 min read
Bank Al-Maghrib BAM has announced a reduction in the general cap for domestic electronic payment interchange fees from 0.65% to 0.5% excluding taxes, effective October 1, 2026. Additionally, a specific cap of 0.15% excluding taxes has been set for payments related to electronic government services e-Gov and transactions made with local merchants. Interchange fees are a component of the acquisition commission charged to merchants for accepting bank card payments. Bank Al-Maghrib emphasized that this acquisition commission is solely the responsibility of the merchant and cannot be passed on to the customer, regardless of the payment channel. For domestic electronic payment operations, interchange fees will not exceed 0.15% excluding taxes for e-Gov transactions, 0.15% excluding taxes for transactions with local merchants, and 0.50% excluding taxes for all other payment operations. Acquirers are required to provide Bank Al-Maghrib with their interchange fee schedules and commissions applied to merchants, along with all necessary reports to monitor compliance with this decision, according to the terms and schedule set by the Central Bank. Bank Al-Maghrib stated that the reduction in interchange fees is intended to be passed on by acquirers to the commissions applied to merchants for e-Gov operations and those conducted with local merchants.
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This summary was AI-generated from a story originally published by Le Matin.
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