No Result
View All Result
Friday, July 4, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Al-Madar mobile and Tripoli Economy Ministry sign Sadad e-payments agreement

bySami Zaptia
June 12, 2020
Reading Time: 2 mins read
A A

By Sami Zaptia.

(CBL).

London, 12 June 2020:

The Tripoli Ministry of Economy and the state Al Madar mobile company, the country’s second largest mobile operator, signed a cooperation agreement to activate e-payment service. Madar owns the Sadad e-payments service.

The statement released last week said that the agreement would allow the Ministry to use Sadad as one of the e-payments methods to collect payments.

The signatories hoped that the agreement will facilitate e-payment procedures for a large number of services that the Ministry will provide to various entities in the near future.

RELATED POSTS

Public Prosecution orders detention of GM of Al-Madar Mobile Company and officials of company’s Media, HR, and Procurement Departments

Use of card and e-payments on the increase – helping to resolve Libya’s bank cash liquidity problem

Madar said that this step is part of its overall objectives regarding the management and facilitation of e-payments to all state institutions, entities and public and private companies.

In light of the fall in Libya’s oil production due to political and military strife and the fall in its oil revenues due to world collapse in demand for oil, there is also pressure on Libyan state entities to increase non-oil revenues from various taxes and state service charges. The use of e-payments by the state is seen as a means of improving revenue collection.

E-payment services, including e-banking, have see an increase in use in Libya since the 2011 revolution and the subsequent insecurity and cash crisis. Sadad was launched in 2017 in cooperation between Madar and the Central Bank of Libya as part of a cash-crisis mitigation policy.

 

https://www.libyaherald.com/2017/11/13/sadad-mobile-phone-e-payment-service-reveals-more-details-for-subscribers/

 

https://www.libyaherald.com/2017/10/12/cbl-and-madar-launch-sadad-mobile-e-payment-service/

 

https://www.libyaherald.com/2020/01/07/sharara-petrol-stations-and-tadawul-technology-activate-first-phase-of-e-payments-services/

 

https://www.libyaherald.com/2019/12/14/tadawul-and-sharara-sign-strategic-e-payments-services-agreement/

 

https://www.libyaherald.com/2017/10/19/e-payment-workshop-held-in-tripoli-in-effort-to-reduce-libyas-need-for-cash/

 

https://www.libyaherald.com/2019/10/12/tripolis-finance-ministry-discusses-developing-e-payments-systems/

 

https://www.libyaherald.com/2016/07/05/moamalat-pos-processing-centre-to-float-30-percent-2000-new-machines-ordered/

 

https://www.libyaherald.com/2019/11/24/tadawul-and-libya-insurance-discuss-strategic-cooperation/

 

https://www.libyaherald.com/2019/12/29/national-payments-council-discusses-ways-to-develop-e-payments-services/

 

https://www.libyaherald.com/2016/07/08/competition-more-pos-processing-centres-cards-and-machines-are-key-to-pos-market-growth/

 

https://www.libyaherald.com/2018/05/30/subsidised-bread-flour-to-be-paid-for-through-e-payments-to-counter-1200-ghost-bakeries/

 

https://www.libyaherald.com/2018/05/18/libya-to-introduce-online-booking-system-and-app-for-eid-rams-expects-to-import-800000-heads-at-euro-130-m/

 

Tags: Al-Madar mobile companye-paymentsfeaturedMinistry of EconomySADAD mobile e-payment service

Related Posts

CBL receives results from meetings with international banks
Business

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

July 2, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement
Business

All imports into Libya must be paid for through official bank transactions

July 2, 2025
World Bank holds off on Tunisian $50m power plant fund; implications for Libya
Business

Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

July 1, 2025
CBL receives results from meetings with international banks
Business

CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

July 1, 2025
Harouge Oil reaches record 45,000 bpd production – to increase it by 25,000 bpd
Business

Harouge Oil Operations Company replaces Al-Ghani field pipeline

July 1, 2025
Next Post
Derna’s Martuba airport control tower construction starts

Derna’s Martuba airport control tower construction starts

15 new Coronavirus cases announced in Libya, taking country’s total to 393

ADVERTISEMENT

Top Stories

  • CBL goes public at last about the counterfeit LD 50 notes – notes to be withdrawn until end of August

    CBL reveals discovery of LD 3.5 billion in counterfeit 50-dinar notes printed in Russia – PM calls on Attorney General to open investigation

    0 shares
    Share 0 Tweet 0
  • Libyan Italian Forum concludes with the signing of 98 MoUs

    0 shares
    Share 0 Tweet 0
  • Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
  • Three Libyan companies win awards in Athens International Olive Oil Competition ‎

    0 shares
    Share 0 Tweet 0
  • CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

Op-Ed: Reputational Damage Is Worse Than Losing Money

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.