As part of its ongoing efforts to diversify and expand electronic payment channels, H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya (CBL), convened a strategic meeting with the General Manager of Moamalat Company and relevant CBL departments. The discussions centered on evaluating the progress of the e-commerce platform managed by Moamalat, identifying key challenges, and formulating strategies to enhance access for companies and citizens to its services.

The Governor emphasized the critical role of banks in activating payment cards on the e-commerce platform and simplifying procedures for merchants to engage in online sales. The Governor further highlighted the necessity of ensuring all transactions adhere to the highest standards of information security and safety, thereby fostering trust and confidence in Libya's digital payment ecosystem.

Following this meeting, the Banking and Monetary Supervision Department issued Circular No. (21) 2024, detailing directives to operationalize these initiatives. The circular mandates banks to implement the outlined measures while ensuring their effective application under close supervision.