e-banking services committee meets to try to improve services |

By Sami Zaptia.

London, November 3, 2020:

The Electronic Banking Committee, formed by the Tripoli-based Libyan government, held its eighth meeting yesterday, as part of its work to improve banking services to citizens.

The meeting included representatives from the General Electricity Company of Libya (GECOL), the state bank, Jumhouria Bank, Libya’s largest bank, and the Libyan Post and Telecommunications Holding Company (LPTIC), which all owns Libyan telecommunications companies, including the state-owned Internet service provider. Libya Telecom and Technology (LTT) and the two public mobile operators, Al-Madar and Libyana.

The meeting, held at the Prime Minister’s office in Tripoli, discussed the main issues facing Jumhouria Bank, the most important of which is the blackout on the most important communication sources and data centers, and major connection points, banks, a mechanism for securing additional power sources and fuel supplies for generators.

It was agreed to assign work teams from GECOL, LPTIC and Jumhouria Bank to prepare technical specifications as an alternative to the power lines and generators needed to power the data center and the main connection point with the emergency power (uninterruptible power supply-UPS) battery system.

It was also agreed to bring together the rest of the technical problems encountered by banks and banks operating outside the scope of electronic systems to be presented at a large meeting, in the presence of the competent authorities.

It will be recalled that Libya has suffered from severe, intermittent power cuts since the 2011 revolution. The country also suffers from an acute liquidity crisis and the authorities have tried to encourage electronic and mobile banking services to overcome the crisis. need cash. This need to encourage people to use e-banking rather than going to their banks has been made more urgent by the coronavirus pandemic. However, this was made worse by the power cuts.

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