Algeria boosting electronic payments| MENAFN.COM

Tuesday, 24 May 2022 02:43 GMT

Algeria boosting electronic payments


(MENAFN- Brazil-Arab News Agency (ANBA))

São Paulo — During the year 2021, more than two million commercial operations via electronic payment terminals were recorded in Algeria, local news agency Algérie Presse Service reported. The Algerian government has worked to encourage this type of operations.

Prime minister and Finance minister Aïmene Benabderrahmane said electronic payments reached an overall amount of nearly DZD 15 billion (USD 109 million), up by 220% compared to 2020 where the overall amount reached DZD 4.7 billion (USD 33 million), the result of 711,000 operations.

At the signing ceremony of the agreement on the official launch of interoperability between the platforms of Algeria Post and banks, dedicated to payment by Internet, Benabderrahmane said that the Internet payment has experienced a promising development, as it has passed from 3.3 million operations in 2020 to more than 6.3 million operations in 2021 where the amounts of operations have exceeded DZD 8 billion (USD 57 billion) while they were at DZD 4 billion in 2020 (USD 29 billion).

Translated by Guilherme Miranda

©Ryad Kramdi/AFP

The post Algeria boosting electronic payments appeared first on Agência de Notícias Brasil-Árabe .

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