The Central Bank of Syria said its governor and the Minister of Communications and Information Technology discussed steps to facilitate the interconnection of financial transfer systems, focusing on the digital infrastructure needed to make transfer services faster and more efficient in Syria. The meeting also reviewed data-linking requirements between the relevant entities and the technical infrastructure needed to support those processes. The discussions also covered cybersecurity and digital protection to safeguard user data and support confidence in electronic financial services. The two sides called for simpler procedures and a better user experience to widen the use of money transfer services. A presentation during the meeting outlined the requirements for establishing a regulatory sandbox so new digital financial solutions can be tested within a safe and organised framework before formal launch.
Central Bank of Syria 2026-05-06
Central Bank of Syria discusses linking financial transfer systems and regulatory sandbox requirements with communications ministry
The Central Bank of Syria and the Ministry of Communications and Information Technology discussed measures to interconnect financial transfer systems and enhance digital infrastructure to make transfer services faster and more efficient. The meeting also addressed data-linking requirements, cybersecurity and digital protection, and called for simpler procedures and improved user experience to expand money transfer usage. A presentation outlined requirements for a regulatory sandbox to test new digital financial solutions in a controlled environment.