Moroccan importers and exporters can now handle foreign exchange transactions on their phones after Saham Bank launched MyFX, a mobile and web platform built for corporate clients.
MyFX puts trading floor services online. Companies can manage currency deals in real time without visiting branches or using paper forms.
The app shows live exchange rates and allows instant transactions. It runs 24 hours a day, five days a week. Users can chat with Saham Bank experts and request quotes directly in the platform. Businesses can track their deals and export records in Excel or PDF.
Larbi Mouline, Deputy General Manager of Investment Banking at Saham Bank, said the goal is to “profoundly transform the transactional experience”.
The launch comes as new foreign exchange rules take effect. The 2026 General Instruction for Foreign Exchange Transactions from the Office des Changes started on 1 January 2026. The changes ease capital controls, raise investment limits for startups and make it easier for foreign investors to repatriate funds.
MyFX is part of the bank’s rebrand. The lender was previously Société Générale Marocaine de Banques. Saham Group bought the bank in late 2024 and introduced the new name in June 2025. Chairman Moulay Hafid Elalamy is positioning the bank as a modern regional player.
Morocco’s economy is expected to grow in 2026, supported by infrastructure projects and tourism, according to the IMF. Demand for cross-border payments is likely to increase as the country prepares for the 2030 FIFA World Cup.
Moroccan banking is also shifting towards fintech. Banks are adopting AI credit scoring and exploring a Digital Dirham central bank digital currency.
