Morocco is taking a major step toward modernizing its foreign exchange system. As of now, approved financial operators in the country are officially authorized to use international bank cards for currency purchases, thanks to a regulatory update issued by the Office des Changes. This move introduces new electronic payment options designed to bring Morocco’s financial practices in line with global standards.
Under the new rules, clients will be able to buy foreign currency using international cards through electronic payment terminals (POS devices), paying in dirhams. In a second innovation, authorized operators can now issue payment cards preloaded with dirhams to clients as part of these transactions—a first in Morocco’s exchange market.
The update reflects a broader push to modernize Morocco’s financial ecosystem by embracing digital tools that are both more secure and more efficient. As payment behavior continues to evolve, the authorities are aiming to foster a smoother, more integrated experience for users while ensuring the system remains robust and trustworthy.
The regulatory body has made it clear that compliance remains critical, especially when it comes to anti-money laundering and counter-terrorist financing. All transactions must be conducted with partners who meet the due diligence standards outlined in Recommendation 17 of the Financial Action Task Force (FATF). Ensuring full traceability of operations remains a top priority.
This newly authorized framework signals a significant shift in how currency exchange is conducted in Morocco, paving the way for a more transparent, digital, and globally aligned payment environment.
