In a significant move to enhance the financial ecosystem, the Central Bank of Libya (CBL) has announced a substantial reduction in point-of-sale (POS) e-payment charges administered by its state National Switch operator, Moamalat Financial Services Company. These charges have been cut to 1 and 1.5
The equipment rental market is experiencing significant growth, with projections estimating it will reach $131.2 billion by the end of 2024 and add another $70 billion over the next decade. The driving forces behind this growth include the continuous demand for commercial, residential, and
In 2024, the retail sector is navigating a complex economic landscape characterized by unpredictable inflation rates, fluctuating consumer confidence, and ongoing supply chain disruptions influenced by geopolitical challenges. These factors combine to create a difficult environment for planning and
The hospitality industry has long grappled with the complexities and vulnerabilities of payment processing, often facing substantial financial losses due to fraud and chargebacks. With the advent of sophisticated digital solutions, there has been a significant shift towards creating more secure and
The financial landscape is undergoing a significant transformation with the advent of stablecoins. These digital currencies, designed to maintain a stable value, are gaining traction and could potentially revolutionize the way we conduct transactions. As stablecoins continue to grow in value and
Consumer feedback plays a pivotal role in driving innovation at Citi Retail Services, particularly when it comes to developing their Citi Pay product line. Terry O’Neil, the head of connected commerce and strategic growth for Citi Retail Services, shares extensive insights into how the company c
