Syria Ends Financial Isolation

Visa announced the successful testing of a real international payment transaction using its cards within Syria, following the country's removal from the list of states sponsoring terrorism and the lifting of American and European sanctions imposed on Syria. This step comes as part of efforts to modernize the financial infrastructure and establish partnerships with global financial institutions, thereby facilitating the reception of foreign investments and promoting Syria's reintegration into the international financial system after years of economic isolation. This transaction marks the first use of an international electronic payment system in Syria in 15 years and represents an important step toward improving the payment experience and developing the country's financial sector.

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