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Libya launches EPAIX 2026 to advance digital payments and fintech
via Libya Herald2 min read
The Governor of the Central Bank of Libya, Naji Issa, inaugurated the Second Libya International Exhibition for Electronic Payment and Financial Technologies "EPAIX 2026" on June 17, with the Tripoli based Libyan Prime Minister, Abdel Hamid Aldabaiba, and other officials in attendance. The exhibition, held on June 17 and 18, aims to develop the national payments system, promote financial inclusion, and drive digital transformation. The Governor emphasized the Central Bank of Libya's strategy to expand electronic payment use and reduce cash dependency to improve financial service efficiency, transparency, and inclusion. Three new services were announced: accepting international Visa cards via local points of sale, launching SoftPOS technology in Libya to convert NFC-enabled smartphones into electronic points of sale, and initiating the National Stand-In Processing Service project to ensure continuous electronic payment services during communication or banking system disruptions. EPAIX 2026 brings together financial institutions, technology companies, and experts to discuss the future of digital financial services in Libya.
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This summary was AI-generated from a story originally published by Libya Herald.
Libya's Minister of Transport and Financial Advisor to the Prime Minister, Mohamed Al-Shahoubi, met with a delegation from the Chadian Senate in Tripoli to discuss enhancing bilateral relations in transportation. The Minister extended an official invitation to the Chadian Minister of Transportation to visit Libya to sign and activate an air transport agreement. The goal is to expedite the launch of direct flights and facilitate the exchange of technical information on air navigation. Al-Shahoubi highlighted Libya's strategic geographical location and its role in transit trade through the free zone, emphasizing that this cooperation will strengthen economic integration between the two nations. The Ministry of Transport stated that the meeting aligns with its commitment to consolidating regional relations and expanding cooperation with neighboring countries to promote stability and shared development.
The Libyan Industrial Union LIU announced that the third "Made in Libya" exhibition will be held in Mauritania in December 2026. This announcement followed a meeting between the Chairman and Executive Director of the LIU and the Mauritanian Ambassador to Libya at the LIU's Tripoli headquarters. The visit aimed to strengthen economic partnership between the two countries and finalize coordination and logistical arrangements for the exhibition. The LIU stated that the event seeks to create new export opportunities and foster cooperation between Libyan manufacturers and their counterparts in Mauritania and West Africa. Both parties expressed their commitment to ensuring the success of this economic event to support Libyan national products and enhance their regional presence.
The Libyan Business Council, Benghazi branch, recently hosted Ma Xioliang, the Ambassador of China to Libya, to discuss strengthening joint economic cooperation. This meeting follows the planned reopening of the Chinese Embassy in Libya at the end of 2025. Discussions focused on facilitating the return of Chinese companies to the Libyan market and their involvement in development and reconstruction projects. Ambassador Ma Xioliang highlighted the crucial role of the Libyan Business Council and other Libyan economic institutions in fostering connections between Libyan and Chinese companies, promoting expertise exchange, and establishing productive partnerships. The Libyan Business Council expressed its willingness to collaborate with the Embassy and relevant authorities to create an environment that supports the private sector's role in reconstruction and enhances trade relations between the two nations.