The Governor of the Central Bank of Libya, Naji Issa, has highlighted a significant expansion in the nation’s digital finance landscape during a high-level review of performance indicators for early 2026. Data from the first two months of the year reveal a sharp increase in digital banking infrastructure, with Point-of-Sale (POS) terminals reaching over 170,000 units and activated bank cards exceeding 5.5 million. This surge reflects a clear shift in consumer behavior toward non-cash transactions, supported by a robust increase in ATM and POS transaction volumes that reached billions of Libyan dinars.
Mobile banking and instant payment services have also seen unprecedented uptake, with over 4.3 million subscribers now utilizing mobile platforms. Electronic applications processed more than 43 million transactions in just sixty days, totaling nearly 48 billion dinars in value. To further accelerate this digital transformation, the Central Bank and major financial institutions have agreed to launch QR code payment services at all points of sale starting this coming Sunday. This initiative aims to enhance public confidence in digital channels and streamline the nation’s financial systems in line with global fintech trends.
