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Home Business

E-payments collection system for government fees discussed

bySami Zaptia
May 27, 2021
Reading Time: 2 mins read
A A

By Sami Zaptia.

Libya’s Economy and Finance Ministries are piloting e-payments systems for government fees  (Logo: GNU).

London, 27 May 2021:

The Ministry of Economy and Trade and Ministry of Finance discussed a mechanism for electronic payment of government fees.

At their joint meeting. which included Libya’s major providers of electronic payment services, Al-Madar, Masarat, Tadawul and Tafani, a proposal for an electronic collection system for government fees and how to link it to the systems of service providers was discussed.

A pilot project aiming in its first phase to introduce electronic payment and payment of fees into the general Commercial Registry system at the Ministry of Economy and Trade and to implement the procedures related to the issuance of the Negative Certificate and the renewal of the Commercial Register electronically – were reviewed.

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

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This system also aims to addresses the delay in the traditional payment system through sub-cashiers in the deposit of monies to the central accounts of the Ministry Financial.

 

e-payments transactions top LD 1.1 bn in Q1 of 2021 – but cash is still king in Libya | (libyaherald.com)

End of Libya’s cash liquidity problem? | (libyaherald.com)

Moamalat POS processing centre to float 30 percent, 2,000 new machines ordered | (libyaherald.com)

National Payments Council discusses ways to develop e-payments services, subsidies for e-payments | (libyaherald.com)

Tripoli’s Finance Ministry discusses developing e-payments systems | (libyaherald.com)

Competition, more POS processing centres, cards and machines are key to POS market growth | (libyaherald.com)

Tadawul and Sharara sign strategic e-payments services agreement | (libyaherald.com)

Tadawul and Libya Insurance discuss strategic cooperation | (libyaherald.com)

e-payment workshop held in Tripoli in effort to reduce Libya’s need for cash | (libyaherald.com)

 

Tags: e-paymentsfeaturedMinistry of EconomyMinistry of Finance

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