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According to data reported by Statista, besides cash, there are four most popular payment methods in Algeria in 2024. They are credit cards (47%), Prepaid cards (31%), E-wallets (10%), mobile wallets (5%), and bank transfers (5%).
Algeria is gradually moving towards a digital payment system. The country saw a 71% increase in digital financial transactions in the first quarter of 2024.
Algeria has a diverse selection of payment methods, which makes the online payment environment quite varied. Algerians can conduct business using many online payment methods, including PayPal and Webmoney.
The government’s push for a modernized financial infrastructure aims to improve efficiency and transparency. However, concerns over data security and public trust remain critical. Algeria’s evolving payments landscape represents an important step towards a more connected, cashless economy.
It is noteworthy that Algeria’s payment methods have changed significantly over time to reflect the increasing use of digital financial services. Different platforms and solutions are available for Algerians to enable them to perform transactions, pay bills, and shop online effectively.
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According to data reported by Statista, besides cash, there are four most popular payment methods in Algeria in 2024. They are credit cards (47%), Prepaid cards (31%), E-wallets (10%), mobile wallets (5%), and bank transfers (5%).
