Economic Council Calls for Rapid E-Payment Modernization

Mohamed Boughali, President of the National Economic, Social, and Environmental Council (CNESE), recently highlighted the strategic significance of modern payment methods for Algeria's economic functionality and dynamism. During a conference dedicated to the "generalization of modern payment methods in Algeria," Mr. Boughali emphasized that these tools are crucial for streamlining exchanges, accelerating transactions, and bolstering their security and transparency within the national economy.

The development and widespread adoption of these instruments are also seen as vital contributors to better integrating the Algerian economy into the global economic landscape and international value chains. Mr. Boughali noted that Algeria has achieved substantial progress in recent years concerning the infrastructure supporting payment systems and the modernization of the regulatory framework governing this sector.

This evolution is evident in the expanded use of electronic and mobile payment solutions, alongside a diversification of services offered to both citizens and economic operators. According to the CNESE President, this proactive approach aligns fully with Algeria's broader commitment to modernizing its economy, accelerating its digital transformation, and enhancing the quality of services provided to all stakeholders.

The conference served as a platform to gather diverse expertise and competencies, fostering in-depth discussions on the factors driving the adoption of modern payment methods. Its objectives included identifying conditions and elements capable of supporting this ongoing evolution, strengthening user confidence, and expediting the nationwide generalization of these new payment modes across the Algerian economy.