Payment methods in Libya

Africa

2methods

3banks

Political fragmentation has created two parallel banking systems, complicating payment infrastructure and interbank settlement nationwide.

Market takeaways

Political fragmentation has created two parallel banking systems, complicating payment infrastructure and interbank settlement nationwide.
Cash is by far the dominant payment medium; card use for e-commerce is negligible.
SWIFT access restrictions limit international payment flows and cross-border e-commerce significantly.
Domestic mobile wallets (Aman Pay, Tadawul/Moamalat) are the primary drivers of digital payment growth.
E-wallets account for 86% of electronic payments in eastern Libya, indicating strong mobile-first adoption where digital payments do exist.

Population

~7M

Online population

~4M

Banked population

~40%

Credit card population

~3%

Payment method breakdown

Cash80%
E-Wallet / Mobile Payment15%
Card4%
Bank Transfer1%
Other0%

Card scheme breakdown

Visa50%
Mastercard45%
Local Schemes5%
American Express0%
Other0%

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Libya

Popular options based on coverage and prominence in this market.

Aman Pay

Aman Pay is a QR-code-based mobile payment service enabling customers to make purchases at participating merchants without cash or physical cards. It operates at approximately 3,000 POS locations and serves as one of the primary cashless payment options available in Libya. Users can link the service to bank accounts to fund transactions, and the platform supports merchant payments in retail, food, and services sectors.

Tadawul / Moamalat E-Wallets

Tadawul and Moamalat are domestic Libyan e-payment providers that operate POS networks and mobile wallet systems. Together they represent the majority of electronic payment volume in Libya, particularly in the east of the country where e-wallets account for approximately 86% of all electronic payments. These platforms support P2P transfers, merchant payments, and bill settlement, and are among the few reliable cashless alternatives in an economy where conventional banking infrastructure is inconsistent.