• Latest
  • Trending
Algeria to launch DZ Mob Pay to simplify payments, drive digital growth

Algeria to launch DZ Mob Pay to simplify payments, drive digital growth

January 2, 2025
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Business Fintech

Algeria to launch DZ Mob Pay to simplify payments, drive digital growth

Ibukunoluwa Bankole by Ibukunoluwa Bankole
January 2, 2025
146 6
0
Algeria to launch DZ Mob Pay to simplify payments, drive digital growth

Algeria to launch DZ Mob Pay to simplify payments, drive digital growth

471
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Algeria is introducing DZ Mob Pay, a mobile electronic payment system designed to make everyday financial transactions easier for citizens and retailers.

Announced on Monday, December 30, 2024, by the Groupement d’Intérêt Économique de la Monétique (GIE Monétique), the service will be available in January 2025 and implemented by banks and Algérie Poste.

Read also: Flend becomes the first SME non-bank digital financial institution in Egypt

A practical solution for daily transactions

DZ Mob Pay will allow users to make payments using QR codes and transfer money directly between individuals. GIE Monétique stated that subscriptions to the service will be simple and secure, with transactions for both users and merchants being completely free. The service aims to address challenges in payment accessibility and reduce the reliance on cash in Algeria.

RelatedPosts

Algeria, China’s Kibing Group partner to launch solar glass project

Embargo: How Algeria’s crypto ban silences economic freedom

Algeria to launch new airline to support aviation sector

This initiative is part of Algeria’s efforts to promote electronic payments and improve financial inclusion across the country. By offering digital alternatives for transactions, DZ Mob Pay is expected to support citizens and businesses with an easier and more efficient payment system.

Supporting Algeria’s digital finance goals

GIE Monétique, established in 2014, plays a key role in managing Algeria’s electronic payment systems. Comprising 19 members, including banks and Algérie Poste, the organization focuses on advancing modern payment solutions.

DZ Mob Pay is one of several initiatives introduced recently to expand Algeria’s electronic payment infrastructure. It comes on the heels of substantial growth in mobile payments across the country. According to GIE Monétique, mobile payment transactions surged by 71 percent in the first quarter of 2024, reaching 12.5 million, compared to 7.6 million during the same period in 2023. 

These transactions accounted for over 9.3 billion DZD in value, while mobile money transfers within financial institutions grew by 140 percent in number and 187 percent in value. Interoperability, which now allows transactions between different banks, has further broadened the scope of mobile payments in Algeria.

Read also: BCP partners with Visa to transform Africa’s payment ecosystem

Expanding digital services in Algeria

The launch of DZ Mob Pay marks another step in Algeria’s move toward a cashless economy. GIE Monétique has also announced plans for additional projects in 2025 to further enhance electronic payments. These developments align with the country’s broader strategy to digitize public services, including platforms for housing applications and other government services.

By making financial services more accessible and convenient, Algeria aims to improve daily life for its citizens while supporting businesses with modern payment options. The introduction of DZ Mob Pay is expected to encourage more people to adopt electronic payment methods and contribute to the country’s economic development.

Tags: AlgeriaDZ Mob PayGIE Monétique
Ibukunoluwa Bankole

Ibukunoluwa Bankole

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.