News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
24
o
Mount Lebanon
24
o
Metn
22
o
Keserwan
22
o
North
24
o
South
23
o
Bekaa
24
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Researcher Ossa Kbire
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
24
o
Mount Lebanon
24
o
Metn
22
o
Keserwan
22
o
North
24
o
South
23
o
Bekaa
24
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
BDL initiates measures to promote electronic payments and reduce cash use
Lebanon Economy
2024-04-18 | 08:30
High views
Share
Share
2
min
BDL initiates measures to promote electronic payments and reduce cash use
The Banque du Liban (BDL) has announced ongoing efforts to encourage the use of electronic payment methods and reduce reliance on cash transactions in the Lebanese market, aligning with international standards, particularly those related to combating money laundering and terrorist financing.
In a statement, the BDL highlighted its collaboration with stakeholders, including MasterCard and Visa, to promote the use of payment cards. Among these efforts is a focus on reducing the cost of using payment cards, especially those issued abroad and used within the Lebanese market.
Expressing gratitude for the cooperation of global companies like Visa and MasterCard, the BDL expressed hope that the initiatives would yield results soon.
Furthermore, banks and financial institutions were urged to provide all necessary facilitations to ensure electronic payment services, with minimal costs for consumers. Any additional charges imposed on consumers were deemed unlawful and detrimental to the national economy.
Additionally, in coordination with the Finance Ministry, the BDL is working on a project to accept payment cards for tax payments at all Finance Ministry branches across Lebanon, facilitated by the installation of Point of Sale (POS) machines.
It is worth noting that the BDL previously issued Circular No. 165 regarding the clearance and settlement of checks and cash transfers in US dollars and Lebanese lira through BDL. The use of "fresh" dollars transfers and checks has increased, serving as a secure and primary alternative to cash payments.
In 2023, Circular No. 69 was amended concerning electronic payments, granting licenses to several electronic wallets that meet the required criteria. These wallets allow users to transfer money instantly and securely between merchants and individuals in compliance with relevant laws and regulations.
The BDL emphasized that these measures have begun to effectively reduce cash transactions in the Lebanese market gradually.
Lebanon News
Lebanon Economy
BDL
Measures
Electronic
Payments
Cash
Next
Economic crisis: IMF awaits Lebanon's reforms
Fuel prices increase in Lebanon
Previous
Related Articles
d-none hideMe
0
Israel-Gaza War Updates
10:27
International Court of Justice rejects measures over German arms exports to Israel
Israel-Gaza War Updates
10:27
International Court of Justice rejects measures over German arms exports to Israel
0
World News
2024-04-30
Security Alert: French Churches to Increase Measures for Religious Holidays
World News
2024-04-30
Security Alert: French Churches to Increase Measures for Religious Holidays
0
Lebanon News
2024-04-24
Syrian refugee situation: Minister Mawlawi addresses law enforcement measures
Lebanon News
2024-04-24
Syrian refugee situation: Minister Mawlawi addresses law enforcement measures
0
News Bulletin Reports
2024-04-23
Syrian Prisoners in Lebanon: Legal Considerations and Deportation Measures
News Bulletin Reports
2024-04-23
Syrian Prisoners in Lebanon: Legal Considerations and Deportation Measures
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:30
Bank Employees' Critique of Government's Banking Plan Amid Lebanon's Financial Crisis
News Bulletin Reports
12:30
Bank Employees' Critique of Government's Banking Plan Amid Lebanon's Financial Crisis
0
Lebanon Economy
2024-04-30
Fuel prices drop across Lebanon
Lebanon Economy
2024-04-30
Fuel prices drop across Lebanon
0
News Bulletin Reports
2024-04-29
Lebanon faces the imminent risk of being placed on the FATF grey list by late May
News Bulletin Reports
2024-04-29
Lebanon faces the imminent risk of being placed on the FATF grey list by late May
0
Lebanon Economy
2024-04-26
Fuel prices decrease in Lebanon
Lebanon Economy
2024-04-26
Fuel prices decrease in Lebanon
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Israel-Gaza War Updates
11:29
Israel's Netanyahu says ICC arrest warrants would be a 'scandal' on historical scale
Israel-Gaza War Updates
11:29
Israel's Netanyahu says ICC arrest warrants would be a 'scandal' on historical scale
0
Lebanon News
2024-02-14
Four civilians, including two children, killed in Israeli airstrikes in southern Lebanon: AFP sources
Lebanon News
2024-02-14
Four civilians, including two children, killed in Israeli airstrikes in southern Lebanon: AFP sources
0
Middle East News
2024-04-30
France shares more proposals with Israel over southern Lebanon
Middle East News
2024-04-30
France shares more proposals with Israel over southern Lebanon
0
Middle East News
2024-04-21
Khamenei expresses gratitude to Iranian Armed Forces for strike on Israel
Middle East News
2024-04-21
Khamenei expresses gratitude to Iranian Armed Forces for strike on Israel
Videos
d-none hideMe
0
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
11:53
Explosion in restaurant in Beirut's Beshara El-Khoury claims the lives of eight people
Lebanon News
11:53
Explosion in restaurant in Beirut's Beshara El-Khoury claims the lives of eight people
2
Lebanon News
15:05
Update: Gas leak in Beirut restaurant leads to fatal fire - Here are the details
Lebanon News
15:05
Update: Gas leak in Beirut restaurant leads to fatal fire - Here are the details
3
News Bulletin Reports
12:21
Syrian refugee crisis: Lebanese government prepares for crucial announcement on Thursday's meeting
News Bulletin Reports
12:21
Syrian refugee crisis: Lebanese government prepares for crucial announcement on Thursday's meeting
4
Lebanon News
11:47
Lebanon receives modified French proposal for de-escalation and ceasefire in southern Lebanon
Lebanon News
11:47
Lebanon receives modified French proposal for de-escalation and ceasefire in southern Lebanon
5
News Bulletin Reports
12:22
Netanyahu rejects Gaza withdrawal: What does the ceasefire and prisoner exchange deal include?
News Bulletin Reports
12:22
Netanyahu rejects Gaza withdrawal: What does the ceasefire and prisoner exchange deal include?
6
Lebanon News
09:58
Education Minister says unified exams to be conducted for Baccalaureate Certificates, cancels Intermediate Certificate (Brevet) exams
Lebanon News
09:58
Education Minister says unified exams to be conducted for Baccalaureate Certificates, cancels Intermediate Certificate (Brevet) exams
7
Lebanon News
05:13
Bechara Asmar to LBCI: Progress hindered in securing rights for Lebanese workers
Lebanon News
05:13
Bechara Asmar to LBCI: Progress hindered in securing rights for Lebanese workers
8
News Bulletin Reports
12:30
Campus clashes: Students vs. university administrations in Gaza support protests
News Bulletin Reports
12:30
Campus clashes: Students vs. university administrations in Gaza support protests
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More