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Regulatory aspects of electronic payments: a resounding success for a training session at The Libyan Information Technology and Telecommunication Organization

The session aimed to enhance the trainees’ competence in the field of electronic payment control, and provide them with the necessary skills and standards to apply best practices in this field. The session also focused on raising the trainees’ ability to analyze and solve problems related to the application of electronic payments, in order to ensure the safety and effectiveness of this modern financial system.

The session received great interaction from the participants, who expressed their thanks and appreciation to the experts for the valuable information they provided, and to The Libyan Information Technology and Telecommunication Organization for organizing this training session.

During this session, several important topics were addressed, including:

• The concept of electronic payments and their types
• Regulatory systems for electronic payments
• The risks of electronic payments and how to reduce them
• Best Practices in Controlling Electronic Payments
• The role of the Libyan Audit Bureau in controlling electronic payments
• The session also addressed some of the challenges facing the implementation of electronic payments in Libya, such as:
  • Lack of awareness of the importance of electronic payments
  • Poor technical infrastructure
  • Lack of trust in electronic payment systems