Libya Mandates E-Payments for State Revenue and Reduces FX Fees

Aldabaiba government and CBL take further actions to encourage increased e-payments use – CBL reduces new FX Bureaux commission

The Abd Alhamid Aldabaiba Tripoli-based Libyan government and the Central Bank of Libya (CBL) have taken further measures to encourage the use of e-payments in Libya.

Aldabaiba issued a decree yesterday mandating the inclusion of e-payment as an approved method for collecting state revenues and public dues.

The decree requires the main and subsidiary treasuries of the Ministry of Finance, as well as other ministries, departments, and agencies, to accept the collection of funds through e-payments – as well as cash and cheques.

CBL to accelerates use of QR code by Sunday 8 March
In parallel, the CBL directed a letter (dated 4 March) to the directors of commercial banks in which it stressed the need to comply with the activation of the LYPay instant payment system which is included in banking applications (Apps).

This, the CBL letter stated, is to enable customers to complete purchase transactions via point-of-sale (POS) devices by scanning the QR code. This is to be done no later than next Sunday 8^th March.

Call on commercial banks to launch a joint e-payments media campaign
The CBL also called on all commercial banks to launch a joint awareness campaign targeting banking app users and merchants to promote the use and acceptance of the LYPay instant payment system via point-of-sale (POS) devices.

CBL reduces FX commissions
With regards to the foreign exchange commission to be charged by the soon-to-be opened official foreign exchange bureaux, the CBL has decided to amend the maximum commission rate to 1% for cash sales and 0.5% for sales via cheques, bank transfers, and electronic payment methods.

It called on commercial banks and licensed exchange companies and offices to immediately comply with the new instructions, emphasizing that the Banking and Monetary Control Department will monitor implementation and conduct the necessary inspections to ensure adherence to the specified regulations.

CBL Governor Issa reviews latest e-payment indicators - continued increases across multiple areas

CBL statistics reveal unprecedented growth in e-payment indicators from 2025 to 15 February 2026

e-payment transactions for 2025 increased by 186 percent to LD 389 billion: CBL

Latest CBL stats to November 2025 show significant growth in Libya’s electronic banking sector

Jumhuria bank launches Libya’s first e-payment service for petrol stations

After Friday’s e-payments breakdown, CBL Governor Issa discusses ways to improve quality of e-payment services with state provider Moamalat

CBL instructs banks, fuel distribution companies and the bakeries’ union to increase the use of e-payments

Benghazi Security Directorate warns against charging any commission on e-payments

Forcing e-payment service providers to provide services at low commissions can have many intended or unintended consequences: leading Fintech and Bank chairman

POS bank card use commissions reduced to less than 1 percent: CBL Governor

CBL reduces POS e-payment charges to 1 and 1.5 percent from 3.75 percent

CBL’s latest revenues and spending data reveals a dinar surplus but a dollar deficit