Tripoli – The Republic Bank has announced the key features of its “Masrafi Pay” application designed for merchants, which aims to facilitate electronic payment processes and enhance flexibility in receiving payments from various banks.
The application allows merchants to generate or scan a QR code when paying via the One Pay service, in addition to the “One Pay Mini Pay” service dedicated to small daily payments, facilitating quick and secure transactions.
The application also supports enabling payment acceptance from various banks via the LY_Pay service, giving merchants greater flexibility in managing their financial transactions and expanding their customer base.
Merchants were encouraged to download the “Masrafi Pay” application to benefit from these digital advantages, with confirmation that the new solution represents an important step towards promoting financial inclusion and developing electronic payment services in Libya.
Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, and Italians, which is reflected in its diverse architecture, such as the ancient Medina and the Red Castle.
Republic Bank
Republic Bank is a major financial institution in Trinidad and Tobago, originally established in 1837 as the Colonial Bank. It was later renamed in the 1970s following the country’s independence and has since grown to become one of the largest and most influential banks in the Caribbean region.
Masrafi Pay
“Masrafi Pay” is a modern digital payment platform in Iran, designed to facilitate electronic transactions and reduce reliance on cash. It was developed as part of the country’s broader initiative to advance its financial technology infrastructure and promote a cashless economy.
One Pay
“One Pay” is not a widely recognized historical place or cultural site. It may refer to a modern digital payment platform or service, which lacks a significant historical background as a physical location. Without more specific context, it cannot be summarized as a cultural or historical landmark.
One Pay Mini Pay
“One Pay Mini Pay” is not a widely recognized historical or cultural site; it appears to be a modern financial service or digital payment platform. As such, it does not have a traditional history like a monument or landmark, but rather a corporate or technological development timeline tied to the fintech industry.
LY_Pay
LY_Pay is a digital payment platform in Libya, introduced as part of efforts to modernize the country’s financial infrastructure amid ongoing economic challenges. It was launched to facilitate electronic transactions and reduce reliance on cash, reflecting a broader push toward financial digitization in the region.
Libya
Libya is a North African country with a rich history rooted in ancient civilizations like the Phoenicians and Romans, followed by centuries of Arab and Ottoman influence. In the modern era, it was an Italian colony before gaining independence in 1951, later becoming known for Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution. The country is home to UNESCO World Heritage sites, such as the ancient Greek ruins of Cyrene and the Roman city of Leptis Magna.
