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Syria’s first debit card launched

October 3rd, 2009 · 8 Comments · Business

bankBank Audi has launched Syria’s first debit card.

The Mastercard can be used anywhere in the world, and withdraws funds directly from the user’s bank account.

It’s a big step forward, because until now, only credit cards had been available – and were subject to strict application criteria. Syria is a low credit country – there is very little commercially available credit (to consumers or businesses). While this has hampered economic growth, it also has protected Syria to a large extent from the global credit crisis.


8 responses so far ↓

  • 1 Yazan // Oct 4, 2009 at 5.59 am

    That’s great news Sasa, I could use one of these. Do you know if other banks followed suite? like Bemo or Syria and Overseas?

  • 2 Sasa // Oct 4, 2009 at 3.28 pm

    Not yet, but I’m sure they will. The problem is that it’s still not easy to open a bank account, and so few people have one.

  • 3 Geo // Oct 6, 2009 at 4.02 pm

    GUYS, audi is not teh first Byblos Bank Syria launched the MASTERCARD TWO YEARS AGO

  • 4 Sasa // Oct 7, 2009 at 12.33 am

    Byblos Bank Syria doesn’t have a debit card. The Mastercard you are referring to is a credit card.

  • 5 Geo // Oct 7, 2009 at 2.52 pm

    it is not true sasa, they have a MasterCard debit card and already i have one, go and ask for it; Also they have a credit card and a charge card (Classic and Gold and soon a platinum card); you should ask them

  • 6 Sasa // Oct 7, 2009 at 3.10 pm

    Byblos have a debit card, issued IN Syria (not Lebanon)??? That’s strange because I was asking all the banks if I could open an account with a debit card just this June, and no-one said yes.

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