Digital payments in Algeria : requirements for modernization after the COVID-19 pandemic

Abstract EN

This study aims at analyzing the reality of digital payments as one of the areas of financial technology in Algeria, as well as identifying mechanisms for modernizing and localizing digital payments too, particularly due to the economic stagnation imposed by the COVID 19 pandemic.

according to the study, financial technology has significantly contributed to the development of the digital payments sector, and the COVID-19 pandemic has had a significant impact on accelerating the pace of this development.

however, the digital payments sector in Algeria is still developing at a slow pace.

, owing to a lack of legal and institutional coverage that regulates transactions and protects customers, as well as a lack of regulatory and institutional oversight.

however, Algeria is regarded as one of the economies with the greatest potential for growth in the area of financial technology and digital payments, provided that it meets a number of requirements.