Moamalat Financial Services and AFS partner to develop Libya’s payment ecosystemBy Leandra MonteiroToday AfsArab Financial ServicesDigital Payments ShareArab Financial Services (AFS) and Moamalat Financial Services Co. have announced the signing of an MoU to enter a strategic partnership for the development of Libya’s electronic payment ecosystem. AFS will use its expertise and experience in digital payments to advance the existing systems and provide consultancy, training, and knowledge transfer. Through this MoU, AFS is committed to building the capacity of the payments sector in Libya in collaboration with Moamalat, with the objective of enhancing and empowering the Libyan payments ecosystem. Samer Soliman, Chief Executive Officer at AFS said, “We are delighted to partner with Moamalat to extend our experience and payments expertise to the Libyan market. We believe that this partnership will accelerate the development of digital payments products, services, and solutions in Libya, and we look forward to working with Moamalat to achieve our shared objectives.
