Visa (NYSE: V), a global leader in digital payments has transaction in Syria, marking an important milestone in supporting the country’s financial services sector.
Working with Fransabank Lebanon as the acquiring financial institution and Paymera, the test is the start of a historic step toward expanding digital payment capabilities in the market and providing international visitors with a familiar, secure, and convenient way to make payments.
“We look forward to further expanding secure and efficient payment solutions that facilitate commerce and tourism and improve the payment experience in Syria,” stated Mohammed Safwat Raslan, Governor of the Central Bank of Syria.
Successful trials
“We are excited to have successfully tested live transactions today as we plan to enable international visitors to use their Visa cards while in Syria,” commented Leila Serhan, Senior Vice President and Group Country Manager, North Africa, Levant and Pakistan (NALP) Region, Visa.
“We are committed to operating within the approved framework while maintaining the highest standards of governance, compliance and operational integrity,” observed Nadim Moujaes, CEO, Fransabank Group.
“As one of the enablers of this milestone, Paymera is pleased to collaborate with Visa, Fransabank Lebanon and other ecosystem partners to help connect visitors and businesses to secure digital payment capabilities,” concluded Michel Kattouah, CEO, Paymera.
