Syria has taken its first steps toward integration into the global economy by launching a pilot program for electronic payments that complies with international standards. This move ends years of technological marginalization and opens up broad horizons for modern economic growth.
Minister of Communications and Information Technology, Abdul Salam Heikal, affirmed that this transformation places Syria on the map of the global digital economy. He explained that the new system will facilitate citizens' daily lives and create a transparent investment environment that attracts capital through the speed and security of transactions.
Cooperation with Visa and Mastercard systems opens doors for foreign trade, as the new infrastructure ensures adherence to the highest international security protocols. This step contributes to restoring confidence in the local financial system and facilitates the smooth flow of financial transfers from abroad.
The Ministry of Communications, in cooperation with the Central Bank, has developed legislation that protects users' rights and supports young innovators in the field of financial technology (FinTech). This regulatory framework aims to transform Syrian entrepreneurial ideas into productive economic projects that can compete in the regional and international markets.
Digital transformation will eliminate bureaucracy and administrative corruption by converting government services to a fully digital system. This system provides citizens with 24/7 payment services, eliminating paper-based queues and achieving significant time and effort savings.
Digitalization is the fastest path to recovery for the Syrian economy, allowing for a direct leap to advanced technological solutions without incurring the costs of traditional processes. The discipline inherent in these transactions is the cornerstone of building a sustainable knowledge-based economy that meets the aspirations of Syrians for a modern and advanced life.
The upcoming digital vision aims to make the "Syrian digital" effective and reliable within international systems. The launch of this initiative represents the foundation for building an innovation-driven economic future, ensuring Syria's return to its position as a vital commercial and technological hub in the region.
Zaman Al Wasl
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