A welcome boost for Moroccan traders

Following the Bank Al-Maghrib (BAM) directive published on September 25, 2024, which now caps the domestic interchange rate at 0.65%, the Interbank Electronic Payment Center (CMI) was forced to align.

In a press release, the Interbank Monetary Center (CMI) announces that it has considerably reduced commissions on local bank card payments for the benefit of more than 55,000 merchants, in particular those using its acceptance services such as electronic payment terminals, online payment solutions and Tap to Mobile, in order to support them by offering them more advantageous pricing conditions, while encouraging the growing adoption of electronic payments. This price revision took effect on October 1, 2024.