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
29
o
Bekaa
24
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
26
o
North
29
o
South
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Lebanese Movie
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
29
o
Bekaa
24
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
26
o
North
29
o
South
27
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
News Bulletin Reports
2024-07-15
Banking crisis continues: New tax rules for loan repayments
News Bulletin Reports
2024-07-15
Banking crisis continues: New tax rules for loan repayments
0
Lebanon News
2024-07-08
Fuel and electricity crisis not linked to central bank: BDL sources confirm to LBCI
Lebanon News
2024-07-08
Fuel and electricity crisis not linked to central bank: BDL sources confirm to LBCI
0
News Bulletin Reports
2024-07-08
BDL's Wassim Mansouri's US visit: Will he shield Lebanon from the FATF 'grey list'?
News Bulletin Reports
2024-07-08
BDL's Wassim Mansouri's US visit: Will he shield Lebanon from the FATF 'grey list'?
0
Lebanon News
2024-07-05
Renewal Bloc calls for urgent measures to protect Lebanon from Israeli war threat: Statement
Lebanon News
2024-07-05
Renewal Bloc calls for urgent measures to protect Lebanon from Israeli war threat: Statement
Recommended For You
d-none hideMe
0
Lebanon Economy
02:21
Fuel prices increase across Lebanon
Lebanon Economy
02:21
Fuel prices increase across Lebanon
0
News Bulletin Reports
2024-07-15
Banking crisis continues: New tax rules for loan repayments
News Bulletin Reports
2024-07-15
Banking crisis continues: New tax rules for loan repayments
0
Lebanon Economy
2024-07-12
Fuel prices rise in Lebanon
Lebanon Economy
2024-07-12
Fuel prices rise in Lebanon
0
Lebanon Economy
2024-07-09
Fuel prices increase across Lebanon
Lebanon Economy
2024-07-09
Fuel prices increase across Lebanon
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
World News
11:23
Bangladesh orders school closures after protests: Education Ministry
World News
11:23
Bangladesh orders school closures after protests: Education Ministry
0
World News
05:11
Pakistan army: Eight soldiers killed in militant attack on base
World News
05:11
Pakistan army: Eight soldiers killed in militant attack on base
0
Israel-Gaza War Updates
2024-06-05
Ben-Gvir threatens to obstruct ruling coalition until Netanyahu reveals details of possible ceasefire in Gaza
Israel-Gaza War Updates
2024-06-05
Ben-Gvir threatens to obstruct ruling coalition until Netanyahu reveals details of possible ceasefire in Gaza
0
Israel-Gaza War Updates
2024-07-15
At least 38,664 Palestinians killed in Gaza since October 7: Health Ministry
Israel-Gaza War Updates
2024-07-15
At least 38,664 Palestinians killed in Gaza since October 7: Health Ministry
Videos
d-none hideMe
0
Lebanon News
2024-07-11
Hezbollah's Ibrahim Moussawi to CNN: Regional powers do not seek full-scale conflict
Lebanon News
2024-07-11
Hezbollah's Ibrahim Moussawi to CNN: Regional powers do not seek full-scale conflict
0
Lebanon News
2024-07-09
Hezbollah’s "Hudhud" shows new footage of Israeli sites
Lebanon News
2024-07-09
Hezbollah’s "Hudhud" shows new footage of Israeli sites
0
Lebanon News
2024-06-18
Hezbollah scouts areas in northern Israel: What the hoopoe came back with (Video)
Lebanon News
2024-06-18
Hezbollah scouts areas in northern Israel: What the hoopoe came back with (Video)
0
Lebanon News
2024-06-12
Over 100 rockets launched from southern Lebanon toward northern Israel (Video)
Lebanon News
2024-06-12
Over 100 rockets launched from southern Lebanon toward northern Israel (Video)
0
Lebanon News
2024-06-10
Video shows Israeli drone downing in Iqlim al-Tuffah, South Lebanon
Lebanon News
2024-06-10
Video shows Israeli drone downing in Iqlim al-Tuffah, South Lebanon
0
Middle East News
2024-05-21
Funeral ceremony of the Iranian president begins in Tabriz (Video)
Middle East News
2024-05-21
Funeral ceremony of the Iranian president begins in Tabriz (Video)
0
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
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
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
13:22
Deadly Israeli strikes in South Lebanon: Three children, two young men martyred
Lebanon News
13:22
Deadly Israeli strikes in South Lebanon: Three children, two young men martyred
2
Lebanon Economy
02:21
Fuel prices increase across Lebanon
Lebanon Economy
02:21
Fuel prices increase across Lebanon
3
World News
11:07
US, Saudi Arabia sign landmark space cooperation agreement
World News
11:07
US, Saudi Arabia sign landmark space cooperation agreement
4
Lebanon News
12:07
Lebanon's Telecommunications Ministry files complaint over Israeli GPS jamming
Lebanon News
12:07
Lebanon's Telecommunications Ministry files complaint over Israeli GPS jamming
5
Lebanon News
10:08
French Senator Cadic returns to Lebanon, calls for de-escalation amid Hezbollah-Israel tensions
Lebanon News
10:08
French Senator Cadic returns to Lebanon, calls for de-escalation amid Hezbollah-Israel tensions
6
Lebanon News
11:51
FPM's Gebran Bassil warns against impunity in corruption cases: 'We cannot remain silent'
Lebanon News
11:51
FPM's Gebran Bassil warns against impunity in corruption cases: 'We cannot remain silent'
7
World News
06:41
Roberta Metsola re-elected as President of the European Parliament
World News
06:41
Roberta Metsola re-elected as President of the European Parliament
8
World News
08:53
Official says Tehran's still open to resuming negotiations with Washington on nuclear deal
World News
08:53
Official says Tehran's still open to resuming negotiations with Washington on nuclear deal
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