Central Bank Introduces International Visa Card
Libya Central Bank Governor Naji Issa revealed an unprecedented leap in electronic payments and digital transformation in Libya during 2026. The number of electronic payment transactions reached approximately 25 million, with a total value close to 260 billion Libyan dinars, compared to 64 billion dinars in 2025. There was also a significant increase in the number of issued bank cards, totaling around 5 million, representing about 90% of the country's population. The number of digital point-of-sale (POS) terminals also rose to approximately 200,000, with transaction values reaching 25 billion dinars in the first five months of the year. Expectations are that the total transaction value will increase to 80 billion dinars by the end of the year. Additionally, the launch of international Visa card services using foreign currencies was announced, along with the introduction of Soft POS technology, which transforms smartphones into electronic acceptance points, aiming to expand digital payments and promote financial inclusion in Libya.
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