Lebanon Cards and Payments – Opportunities and Risks to 2026

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The Lebanon cards and payments market size was $2.8 billion in 2021. The market is projected to achieve a CAGR of more than 19% during the forecast period. The Lebanon cards and payments report provides a detailed analysis of market trends in the Lebanon cards and payments industry. It provides values and volumes for several key performance indicators in the industry, including mobile wallets, cards, cash, credit transfers, direct debits, and cheques during the review period. The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values, and volumes during the review period and over the forecast period. It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.

Lebanon Cards and Payments

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Lebanon Cards and Payments Market Dynamics

Card usage has been on the rise, accounting for a significant share of the total transaction volume in 2021. This growth was supported by improvements to the payment infrastructure, banks’ initiatives to increase financial inclusion, and rising confidence in card payments among consumers. The outbreak of COVID-19 encouraged consumers to shift from cash to card payment methods to avoid close social contact and help prevent the spread of the virus.

Amid the liquidity crunch in the country, the central bank passed a new regulation on payments of purchases in merchant stores. In line with the new law, the Association of Supermarket Owners implemented new guidelines, effective from March 10, 2022, allowing customers with a bank card to pay only 50% of the purchase value using a card. The remaining amount needs to be paid in cash.

Key Payment Instruments in Lebanon Cards and Payments Market

The key payment instruments in the Lebanon cards and payments market are cards, cheques, and direct debits. Cards accounted for the highest share in terms of transaction volume.

Lebanon Cards and Payments Market, by Payment Instruments

Lebanon Cards and Payments Market, by Payment Instruments

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Key Segments in the Lebanon Cards and Payments Market

The key segments in the Lebanon cards and payments market are card-based payments, e-commerce payments, and alternative payments.

Key Players in the Lebanon Cards and Payments Market

Some of the key players in the Lebanon cards and payments market are Bank Audi, BLOM Bank, Fransabank, Byblos Bank, Credit Libanais, Bank Med, CashU, Zaky, Creditbank Pay, and LGB PAY.

Lebanon Cards and Payments Market Report Overview

Market Size (2021) $2.8 billion
CAGR (2022-26) >19%
Key Payment Instruments Cards, Direct Debits, and Cheques
Key Segments Card-Based Payments, E-Commerce Payments, and Alternative Payments
Key Players Bank Audi, BLOM Bank, Fransabank, Byblos Bank, Credit Libanais, Bank Med, CashU, Zaky, Creditbank Pay, and LGB PAY

Scope

This report provides top-level market analysis, information, and insights into the Lebanon cards and payments industry, including –

  • Make strategic business decisions, using top-level historic and forecast market data, related to the Lebanon cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Lebanon cards and payments industry.
  • Assess the competitive dynamics in the Lebanon cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Lebanon.
  • Gain insights into key regulations governing the Lebanon cards and payments industry.

Reasons to Buy

  • Make strategic business decisions, using top-level historic and forecast market data, related to the Lebanon cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Lebanon cards and payments industry.
  • Assess the competitive dynamics in the Lebanon cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Lebanon.
  • Gain insights into key regulations governing the Lebanon cards and payments industry.

Bank Audi
BLOM Bank
Fransabank
Credit Libanais
Byblos Bank
Banque Libano-Franҫaise
Bank Med
Bank of Beirut
Visa
Mastercard
ByblosPay
LGB PAY
Creditbank Pay
Zaky
BLOMPay

Table of Contents

Table of Contents

Executive Summary

Market Overview

Payment Instruments

Card-Based Payments

Ecommerce Payments

Alternative Payments

Payment Innovations

Payment Infrastructure and Regulation

Appendix

Frequently asked questions

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