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GlobalCash Maroc


The Israeli shekel and 5 other currencies now in the CMI basket

Merchants affiliated with the CMI will be able to offer their customers, holders of foreign cards, a wider range of currencies for their payments in Morocco.

The Interbank Electronic Payment Center (CMI), in partnership with Global Blue, a world leader in tourist tax refunds and payment solutions, is expanding its DCC (Dynamic Currency Conversion) service through the integration of six new currencies: the Canadian dollar, the Swedish krona, the Australian dollar, the Kuwaiti dinar, the Qatari rial and the Israeli shekel. “Good news for merchants affiliated with the CMI who will thus be able to offer their customers holding foreign cards a wider range of currencies for their payments in Morocco,” commented the Center in a press release.

GlobalCash Maroc

The DCC service, available exclusively on CMI electronic payment terminals (TPE), allows travelers, holders of international Visa and Mastercard cards, to pay for their expenses directly in the currency of their country, thus eliminating the uncertainties linked to payment rates. changes when payments made by foreign bank card, specifies the same source.

From a functional point of view, the TPE identifies the customer's card and its currency; the customer has the choice of paying in dirham or in their currency. The ticket indicates the exchange rate applied, the amount of the transaction in dirhams and the amount of the transaction in the customer's currency.

For merchants, the press release added, the DCC service presents many advantages, such as reduced commissions and increased attractiveness for their customers using foreign cards, thanks to an improved customer experience.

Already available since 2014 for six currencies, namely the euro, the US dollar, the pound sterling, the Swiss franc, the Saudi rial and the Emirati dirham, this service is mainly aimed at hotels, restaurants, bazaars, luxury boutiques , car rental companies and more generally all businesses that welcome tourists, foreign businessmen and Moroccans from around the world.

The addition of these new currencies aims to help support the national tourism development plan in Morocco by also facilitating electronic payments, while promoting the strengthening of relations between Morocco and tourist-emitting countries.

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