Digital payments in Libya are rising rapidly as the country records a major increase in electronic transactions, according to new data released by the Central Bank of Libya.
The figures show that electronic payments in the country have expanded significantly in recent months, reflecting a growing shift toward digital banking services and cashless transactions.
Statistics indicate that mobile banking services now have around 4.29 million users across Libya, highlighting the increasing use of banking applications for everyday payments and financial transfers.
The number of digital transactions has also grown sharply, exceeding 200 million operations with a total value of approximately 313.6 billion Libyan dinars. This marks one of the highest levels of electronic payment activity recorded in the country.
The expansion of electronic payment infrastructure has played an important role in this growth. The number of point of sale terminals installed in shops and businesses increased to more than 165,000 units, compared with around 150,000 the previous year.
These terminals processed about 288 million payment operations valued at nearly 37.8 billion dinars, showing how digital payment systems are becoming more widely used in daily commercial transactions.
Bank card usage has also increased across the country. The number of activated bank cards reached roughly 5.5 million, while ATM withdrawals recorded nearly 24 million transactions valued at more than 12.6 billion dinars.
Electronic wallets are also gaining popularity, with more than 186,000 digital wallets currently active in Libya. Meanwhile instant transfer services such as LYPay and OnePay processed over 18 million transactions worth more than 108 billion dinars.
Officials say the rapid expansion of digital payments reflects broader efforts by the Central Bank to modernise Libya’s financial system and promote financial inclusion. Increased use of electronic banking tools can also improve transparency, reduce reliance on cash and help strengthen the country’s economic system.
Experts believe the continued development of digital infrastructure and payment technologies could further accelerate Libya’s transition toward a more modern digital economy in the coming years.
