The Central Bank of Libya said Gov. Naji Mohammed Issa met with senior officials from the state telecommunications holding company, major telecom operators and electronic payment companies to strengthen coordination between the banking and telecommunications sectors. The main outcomes were agreement to increase transaction limits for electronic wallets and approval of a joint working group to oversee the technical and operational measures needed to maintain and further develop electronic payment services. The discussions focused on improving the infrastructure for digital transformation and addressing obstacles that are slowing the expansion of electronic payments in Libya. Participants also examined how to bring expatriate labor into the formal economy through electronic payment systems, linking that effort to broader goals of financial inclusion, a smaller informal economy and tighter labor market regulation.
Central Bank of Libya2026-03-10
Central Bank of Libya agrees with telecom sector to raise electronic wallet transaction limits and form joint working group
The Central Bank of Libya said a meeting with telecom and electronic payment executives resulted in agreement to raise electronic wallet transaction limits and create a joint working group. The discussions centered on removing barriers to wider electronic payment use and on using digital payments to integrate expatriate labor into the formal economy.