Syria adopts electronic payments
The Central Bank of Syria announced the adoption of an electronic payment and transfer system in the country with the aim of developing a modern national payment infrastructure and expanding options for citizens and the business sector to make payments and transfers. The new system aims to facilitate the movement of funds and improve efficiency without imposing a specific payment method, while also regulating the activities of electronic payment service providers, digital currencies, and payment systems to ensure security and oversight. The system provides a framework for the safe testing and implementation of financial and technical innovations, enhances user protection, and operates under governance and cybersecurity requirements. Ultimately, it aims for future integration with regional and international payment systems.
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