LYPay Instant Payment System
LYPay is the Central Bank of Libya’s official platform for enabling instant payments between banks and other approved financial institutions. It ensures real-time fund transfers through secure, standardized APIs and streamlined settlement processes. Developed to foster financial inclusion and modernize payment infrastructures, LYPay is a critical building block in Libya’s evolving digital banking ecosystem.
Key Features
Instant Settlement LYPay supports real-time transfers between participating banks and FIs, minimizing delays and reducing operational overhead.
Regulatory Compliance Governed by the Central Bank of Libya’s policies and guidelines, LYPay ensures adherence to national financial regulations, promoting trust and stability.
Secure Integration All communication is encrypted and authenticated using industry-standard protocols (e.g., TLS), safeguarding sensitive payment data.
Scalable Architecture Built to handle high transaction volumes, LYPay’s infrastructure can accommodate increasing demand as more banks and FIs join the network.
Streamlined Onboarding A clear, step-by-step integration process allows your technical teams to quickly set up connectivity, test transactions, and move into production.
Who Should Use LYPay?
Banks and Financial Institutions needing a standardized, government-endorsed channel for secure instant payments.
Microfinance and FinTech Providers seeking to integrate with a regulated clearing mechanism for real-time fund transfers. (Soon)
Public Sector Entities responsible for large-scale disbursements or collections, benefiting from transparent and immediate settlement processes. (Soon)
Documentation Structure
Getting Started Step-by-step instructions on how to connect your systems to LYPay, register with the Central Bank’s network, and perform initial test transactions. (Only for Banks and licensed FIs)
API Documentation End-to-end descriptions of LYPay’s REST-based endpoints for initiating payments, checking statuses, performing reconciliations, and more.
QR Code Standards Guidelines for generating QR codes specifically for bank/FI use cases—ideal for branch-level, ATM, or mobile banking integrations.
Accounting Scheme Detailed insight into the chart of accounts and posting rules that govern how transactions are recorded and reported within LYPay.
Terms of Service The legal basis outlining the rights and obligations of participants, liability limitations, and dispute resolution processes.
Next Steps
Explore the APIs Access the API Documentation to understand request/response formats, authentication methods, and best practices.
Leverage QR Code Payments Review our QR Code Standards if your institution plans to use QR-based interfaces for instant transactions at physical or virtual touchpoints.
Review Accounting Guidelines Ensure accurate financial reporting by aligning with the Accounting Scheme, which outlines transaction postings and reconciliation.
Understand the Legal Framework Familiarize yourself with the Terms of Service to stay informed about your institution’s responsibilities and platform policies.
Support and Contact
For all inquiries regarding integration, production issues, partnerships, or expanded functionality, please contact:
Mohammed Altaleesi
Payment Innovation Lead / LYPay Product Owner
Welcome to LYPay, the Central Bank of Libya’s instant payment platform designed to modernize and streamline interbank transactions. We’re excited to support your institution in delivering fast, secure, and reliable payment services throughout Libya.
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