The Libyan Islamic Bank (LIB) signed an agreement with Dokkan e-commerce company an e-payment agreement last week. The two parties said this was a strategic agreement between the two.<\/p>\n\n\n\n
At a launch event at the LIB\u2019s Tripoli headquarters last Thursday, the two signees launched a live e-payment transaction. The service is expected to go into full operation early next year using the state National Switch Provider, Moamalat.<\/p>\n\n\n\n
The two signatories said this is the first e-payment service in Libya using a local card in the local Libyan dinar. Previously, local cards were only used for Point of Sales (POS) or cash withdrawals \u2013 but not for e-commerce.<\/p>\n\n\n\n
LIB<\/strong><\/p>\n\n\n\n The Libyan Islamic Bank is one of several newly established private sector banks in the country. It was established in 2017 with a fully paid-up capital of LD 250 million.<\/p>\n\n\n\n It has 11 branches across Libya with 6 more expected in 2022. LIB has also signed an agreement with Morocco\u2019s S2M to launch a digital branch in February next year. It will also launch international services with Mastercard with whom it already provides 4 services.<\/p>\n","protected":false},"excerpt":{"rendered":" The Libyan Islamic Bank (LIB) signed an agreement with Dokkan e-commerce company an e-payment agreement last week. The two parties said this was a strategic agreement between the two. At a launch event at the LIB\u2019s Tripoli headquarters last Thursday, the two signees launched a live e-payment transaction. The service is expected to go into […]<\/p>\n","protected":false},"author":87,"featured_media":5701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1823,1822],"class_list":["post-5700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dokkan","tag-lib"],"acf":[],"_links":{"self":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts\/5700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/comments?post=5700"}],"version-history":[{"count":3,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts\/5700\/revisions"}],"predecessor-version":[{"id":5704,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts\/5700\/revisions\/5704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/media\/5701"}],"wp:attachment":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/media?parent=5700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/categories?post=5700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/tags?post=5700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}