Central Bank: Electronic Payments Near 1 Trillion Dinars
Libya experienced a record increase in electronic payment services during 2026, with the total value of digital transactions approaching 1 trillion dinars, according to the Central Bank of Libya. The total electronic trading value from January to July 2026 was approximately 643 billion dinars, with expectations to surpass one trillion dinars by the end of the year due to the expansion of digital payment infrastructure, widespread banking applications, and point-of-sale terminals. Data showed that transactions through the “LYPay” and “OnePay” systems reached 252 billion dinars, while banking applications processed operations worth 209 billion dinars, and financial settlements via the RTGS system totaled 143 billion dinars. These figures reflect a shift among users towards digital financial services, supporting the sustainability of the digital economy and reducing dependence on cash, as part of the Central Bank’s efforts to develop the electronic payment system in Libya.
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