Tripoli, Libya - The Central Bank of Libya (CBL) has embarked on a series of financial awareness programs aimed at educating the public on electronic payment services, particularly the "One Pay" instant payment system.
The CBL initiative, detailed on its official Facebook page, aims to enhance financial inclusion and empower citizens with knowledge about available digital payment options. The campaign includes a series of explanatory video clips, with the first focusing on the "One Pay" service, outlining its features, benefits, and activation process.
The launch of these educational programs comes on the heels of a significant milestone for "One Pay." In the past two days, the CBL announced that the total transaction value using the service has surpassed one billion Libyan dinars since its launch three months ago. This achievement underscores the growing adoption of digital payment solutions within the Libyan market.
"One Pay" is a mobile-based instant payment system that allows users to transfer funds between bank accounts in real-time, 24/7. Key features of the service are expected to include:
Interoperability: Facilitating seamless transactions between different banks.
Accessibility: Enabling convenient access through mobile banking applications.
Security: Employing robust security measures to protect user funds.
Affordability: Offering low or no transaction fees for users.
The CBL's commitment to financial literacy initiatives is crucial for driving the adoption of digital financial services in Libya. By educating the public about the benefits and ease of use of services like "One Pay," the CBL aims to foster a more inclusive and technologically advanced financial ecosystem in the country.
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