The Central Bank of Libya (CBL) has issued a directive requiring all shops and commercial outlets across the country to provide electronic payment options as a condition for obtaining or renewing their business licenses.
In an official letter to the Minister of Local Government, the CBL explained that the move aims to reduce the risks associated with cash transactions while making payments easier for citizens. Consumers will now be able to pay for goods and services using bank cards through electronic point-of-sale (POS) devices.
The Central Bank instructed the Minister of Local Government to notify all mayors across Libya that shops, markets, and commercial activities of every kind must comply with the new electronic payment requirement.
According to the CBL, the service will be offered free of charge and without commissions to merchants and market owners, with local banks responsible for providing the necessary facilities. The bank also stressed its readiness to offer full technical and logistical support to ensure the smooth implementation of the decision.
