Areeba has introduced the ability to use QR codes through e-wallets in order to pay at the company’s merchants’network throughout Lebanon. This comes through multiple partnerships with major e-wallets in the Lebanesemarket including: WeePay Wallet, Whish and Zaky. This move will enable users to complete a transaction byscanning the QR code that the Areeba Point Of Sale (POS) machine generates which eliminates the need tohandle cash.  According to the Group Chief Commercial Officer at Areeba, the QR code payment method will complement  Lebanon’s increasingly popular e-wallets and satisfy consumers looking for safe digital payment solutions.Due to its ease of use, its speed, security and convenience, this payment method introduces a significant transformation to the market. This move, through its collaborations, reinforces the national initiative for financial inclusion.  This payment method consists of a new acceptance infrastructure in which QR codes will be printed on existing  POS receipts without the need for merchants to buy a new device or sign-up.  It is worth noting that according to the World Bank, Lebanon’s cash economy has been growing ever since the onset of the crisis. The cash economy was estimated at US$ 9.9 billion in 2022, showing a 62.7% increase against the year prior.  Projects that are supporting the return of the Lebanese to e-wallets  and an economy that is less cash heavy will benefit the whole financial system in the future. (ICE BEIRUT)

Fonte notizia: Bank Audi, Lebanon Weekly Monitor, 22-28 May 2023