Service Management

Partnership aims to help modernise Libyan payments landscape

Partnership aims to help modernise Libyan payments landscape

Arab Financial Services (AFS), a leading digital payments and fintech enabler in the Middle East and Africa region, has announced a strategic partnership with Libyan Islamic Bank (LIB) to accelerate the modernisation of Libya’s payment landscape.

It aims to do this through advanced card issuance, processing and digital infrastructure solutions.

Through this collaboration, Libyan Islamic Bank will leverage AFS’s advanced Visa card issuance and processing capabilities to deliver faster, more seamless onboarding and improved customer experiences.

The partnership also incorporates AFS’s enhanced security framework, featuring tokenisation and encryption technologies to safeguard transactions and customer data across all digital channels.

In addition, AFS will support Libyan Islamic Bank in building a scalable infrastructure designed for agility, innovation and future growth, paving the way for the rapid introduction of next-generation payment solutions in the Libyan market.

Libyan Islamic Bank General Manager Adel Kshad says: “By modernising our payment infrastructure and embracing new technologies, we are equipping our customers with faster, safer, and more convenient ways to bank, while supporting the nation’s broader digital transformation and economic development goals.”

This partnership builds upon AFS’s expanding presence in North Africa and aligns with the company’s strategic efforts to strengthen regional connectivity, promote innovation, and foster financial inclusion across emerging markets.

AFS says it also complements the company’s broader mission to empower institutions with modern payment infrastructure and accelerate the region’s transition toward a cashless, digital economy.

Regulated by the Central Bank of Bahrain and licensed by the Central Bank of Egypt and the Central Bank of UAE, AFS is owned by a total of 36 banks and financial institutions and serves over 60 bank clients in more than 20 countries across the Middle East and Africa region.



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