Arab Financial Services Partners With Libyan Islamic Bank to Modernize Payments Infrastructure

Arab Financial Services (AFS), the Middle East and Africa’s leading digital payments and fintech enabler, has announced a strategic partnership with Libyan Islamic Bank (LIB) to accelerate the modernization of Libya’s payment landscape through advanced card issuance, processing, and digital infrastructure solutions. 

Through this collaboration, Libyan Islamic Bank will leverage AFS’s advanced Visa card issuance and processing capabilities to deliver faster, more seamless onboarding and improved customer experiences. The partnership also incorporates AFS’s enhanced security framework, featuring tokenization and encryption technologies to safeguard transactions and customer data across all digital channels. In addition, AFS will support Libyan Islamic Bank in building a scalable infrastructure designed for agility, innovation, and future growth, paving the way for the rapid introduction of next-generation payment solutions in the Libyan market.