Arab Financial Services (AFS), a Middle East and Africa’s 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.
“Seeing this strategy move from a blueprint into reality is a proud moment for our partnership. By leveraging AFS’s digital framework, Libyan Islamic Bank is optimizing its operations to deliver the fast, intuitive experiences its customers expect. This is a milestone for the future of Libyan finance, and AFS is honored to support it.” said AFS Group CEO Dr. Samer Soliman.
“As Libya advances toward a more connected and cashless economy, our partnership with AFS enables us to deliver secure, efficient, and innovative card services that meet international standards,” said Libyan Islamic Bank General Manager ADEL KSHAD “By modernizing our payment infrastructure and embracing new technologies, we are equipping our customers with faster, safer, and more convenient ways to bank, while supporting the nation’s broader digital transformation and economic development goals.”
This partnership builds upon AFS’s expanding presence in North Africa and aligns with the company’s strategic efforts to strengthen regional connectivity, promote innovation, and foster financial inclusion across emerging markets. It also complements AFS’s broader mission to empower institutions with modern payment infrastructure and accelerate the region’s transition toward a cashless, digital economy.
