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CBL discusses with financial institutions in London its strategy for financial inclusion to accelerate electronic payment.

Pulbished on:

Tripoli 27 July 2024 (Lana) An expanded meeting was held at the headquarters of the Arab Banking Corporation (Bank ABC) in London last Monday, which included the Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabeer, and his deputy, Marai Raheel, members of the Steering Committee of the Financial Inclusion Strategy Project, Digital Transformation, the Board of Directors of Muamalat Company, and representatives of the Bank ABC and Arab Financial Services Company (AFS).

According to the CBL, the meeting discussed the CBL's strategy for financial inclusion to accelerate electronic payment, which is being prepared in partnership with Oliver Wyman Company, and eight initiatives were approved, including the development of financial services for all society segments through financial technology and digital transformation, instant payments, open banking, developing the national distributor, and preparing the controls regulating this area according to best practices.

Al-Kabeer stressed the importance of these initiatives in enhancing financial inclusion and facilitating access to financial services, which contributes to overcoming the liquidity problem and achieving economic stability and inclusive development in Libya.

=Lana=