Visa operates in more than 200 countries worldwide and the company is preparing to support a multi-phase digital transformation plan in Syria, the report added.
Syrian Central Bank Governor Abdulkader Husrieh emphasised that the collaboration with Visa is critical for increasing transparency, accelerating modernisation efforts, and creating a new beginning for the economy.
Reliable and transparent payment systems are crucial for economic recovery and drawing in investment, according to Leila Serhan, Senior Vice President of Visa for North Africa, the Levant, and Pakistan. The programme enables Syria to move past antiquated infrastructure and implement cutting-edge, secure payment systems, she added.
The move comes after a memorandum of understanding was signed with Mastercard in September to expand Syria’s digital payments ecosystem and improve financial inclusion, as well as prior talks between CBS and Visa executives in Washington.
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