Morocco: Closed consultation on proposed structural and behavioural commitments in investigation into CMI for alleged anti-competitive practices

On 30 October 2024, Morocco's Competition Authority closes its public consultation on structural and behavioural commitments proposed by the Interbank Electronic Payment Center (CMI. The Competition Council identified several competition concerns, notably CMI’s quasi-monopoly, high interchange fees, and the low penetration of electronic payments. In response, CMI and its nine shareholder banks proposed structural and behavioral commitments to enhance market competition, which were deemed credible by the Council. The commitments include the transfer of merchant contracts, the transformation of the CMI into a neutral technical platform, compliance with the interchange fee cap set by the Bank Al-Maghrib, and the implementation of a competition compliance program.