Libya Sees Record Growth in Digital Payments Following Central Bank Review
Libya is witnessing a sharp rise in electronic payments and digital banking activity, according to a recent performance review conducted by the Central Bank of Libya covering the first two months of 2026.
During the review, Central Bank Governor Naji Issa highlighted a significant expansion in the country’s digital financial infrastructure. The number of Point-of-Sale (POS) terminals has surpassed 170,000 units, while activated bank cards have exceeded 5.5 million, signalling a strong shift toward cashless transactions. ATM and POS usage has also increased substantially, with transaction volumes reaching billions of Libyan dinars.
Mobile banking adoption is rising rapidly as well, with more than 4.3 million users now accessing banking services through mobile platforms. In the first sixty days of the year alone, electronic applications processed over 43 million transactions, with a total value of nearly 48 billion dinars.
To further strengthen the country’s digital payments ecosystem, the Central Bank and local financial institutions are preparing to introduce QR code-based payment services across all points of sale starting this Sunday. The initiative is expected to boost consumer confidence in digital channels and modernise Libya’s financial system in line with global fintech trends.
