Central Bank of Syria allows issuance of prepaid cards with two million pound limit ...Syria

News by : (ُEnabbaladi) -
The Central Bank of Syria (CBS) has issued a decision to set a balance limit for prepaid cards at two million Syrian pounds. According to the decision released by the CBS, on Wednesday, February 14, individuals can purchase the prepaid card through one of the issuing bank’s branches or the Syrian Post Establishment, money transfer companies, card-selling centers presenting the service, and commercial markets (shopping malls), provided that a cooperation agreement is concluded with the issuing bank of the card. The bank aims to provide this card as an alternative to cash payments, facilitating various financial transactions. The decision identified two types of cards: “reloadable with restric

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