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Lebanon, a country located on the eastern shore of the Mediterranean Sea, is experiencing a severe economic crisis. The crisis has led to a reliance on cash transactions and informal financial networks. Banks are struggling, and access to financial services is limited. The government is working to stabilize the economy and address the financial challenges. Lebanon’s payment system is severely impacted by the ongoing economic and political crisis. Cash remains the primary method of transaction due to the instability of the banking sector and limited access to digital payment systems. The use of credit and debit cards and online banking is highly constrained.

Population

Estimated Population

6.8 million

Currency

Currency

Lebanese pound (LBP)



Popular payment methods