Payments/LY
Libya
ISO LY · 3 schemes
Summary
- LYPay interbank instant QR (Aug 2024)
- OnePay additional instant service
- Aman Pay QR Masterpass integration
- ATIB Pay e-wallet with QR
- CBL mandate December 2024 QR rollout
Banking landscape
Central Bank
- Name: Central Bank of Libya (CBL)
- Website: https://cbl.gov.ly/
- Role: Monetary policy, payment system mandates
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Aman Bank | Private | Aman Mobile/Pay |
| 2 | ATIB | Private | ATIB Pay |
| 3 | Libyan Digital Bank | Digital | LDB App |
| 4 | National Commercial Bank | State | NCB Mobile |
| 5 | Wahda Bank | State | Wahda App |
Market Structure
- CBL: Driving digitization
- LYPay/OnePay: Interbank instant
- 5,000+ POS: Across Libya
- E-payment mandate: All businesses
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| LYPay | CBL | Interbank QR | Active (Aug 2024) |
| OnePay | CBL | Instant | Active |
| Moamalat | Financial Services | POS | Active |
| Bank Cards | Various | Debit/Credit | Active |
LYPay Statistics
- Launched August 2024
- Free until end of 2024
- Daily transfer limit: 500 LYD
- Daily purchase limit: 1,500 LYD
CBL Mandate (Dec 2024)
- QR code at all POS devices
- Mobile phone payments
- Coordinated with Moamalat
- All commercial banks required
QR code standards
LYPay - National Interbank
| Attribute | Value |
|---|---|
| Launch | August 2024 |
| Operator | Central Bank of Libya |
| Type | Interbank instant |
| Limits | 500 LYD/day transfer |
LYPay Features
- Free of charge (trial period)
- Interbank transfers
- QR code payments
- Mobile phone based
- Gradual limit increases planned
Bank-Specific QR Systems
Aman Pay QR
- Masterpass integration
- No cash or card needed
- Smartphone scanning
- Participating outlets
ATIB Pay
- E-wallet application
- QR code payments
- Prepaid card reload
- Wallet-to-wallet instant
- Phone/internet vouchers
- 5,000+ POS acceptance
Libya Guide Pay
- E-commerce focused
- QR code scanning
- Mobile payment service
- Enhanced infrastructure
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| Aman Mobile | Aman Bank | Yes | Full banking + Pay |
| ATIB Pay | ATIB | Yes | E-wallet, QR |
| Libya Guide Pay | Independent | Yes | E-commerce |
| Libyan Digital Bank | LDB | Yes | Digital banking |
Aman Mobile Features
- Account management
- Bill payments
- Transfers
- Aman Pay QR
- Masterpass support
ATIB Pay Features
- Prepaid card reload
- QR code payments
- Wallet-to-wallet
- Voucher purchases
- 5,000+ POS network
Libyan Digital Bank
- Prepaid cards (Visa/MC/Amex)
- Mobile banking app
- Cashless purchases
- Multiple card types
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| LYPay | Interbank QR | CBL | Aug 2024 | lypay |
| Aman Pay | Bank QR | Masterpass | Active | aman-pay |
| ATIB Pay | E-wallet | QR | 5,000+ POS | — |
Sources
- Libya Herald - LYPay Launch
- Libya Observer - QR Payment Service Order
- Aman Bank - Aman Pay QR
- Aman Bank - Mobile Payments
- ATIB - Pay
- CBL - Instant Payment Statistics
- Libyan Digital Bank
- Google Play - Libya Guide Pay