Credit Libanais, Codebase and Visa team for financial inclusion

Lebanese bank Credit Libanais has joined forces with Codebase Technologies and Visa to launch an instant, fully electronic know your customer (e-KYC) onboarding mobile application for a virtual prepaid card.

Credit Libanais, Codebase Technologies and Visa partner for financial inclusion in Lebanon

The solution is aimed at the unbanked population in Lebanon and is the country’s first of its kind, according to the participating companies.

Credit Libanais says it worked closely with Banque du Liban, the central bank of Lebanon, to ensure the approval of the initiative.

The prepaid card, built using the Digibanc Suite from Codebase, enables domestic and international online payments.

“Lebanon is going through an unprecedented crisis that is massively impacting people’s lives,” comments Tamer Al Mauge, Codebase Technologies’ managing director, MENA.

“In line with Codebase Technologies’ vision of utilising technology for a greater purpose, we can’t think of a better way to leverage our expertise and solutions to empower the people of Lebanon with a new way to access and use much needed financial services.”