The Syrian Ministry of Communications and Information Technology (MOCT) announced a strategic cooperation agreement with Visa in February 2026. This partnership aims to modernize Syria’s financial infrastructure, promote financial inclusion, and foster a thriving fintech ecosystem.

Key components of the Visa‑MOCT partnership

  • Regulatory sandbox – A controlled environment where Syrian fintech startups can test innovative payment solutions under regulatory oversight.
  • Capacity building – Joint training programs on cybersecurity, fraud prevention, and digital wallet development.
  • SME support – Initiatives to help micro, small, and medium enterprises (MSMEs) adopt digital payment tools, QR‑code checkout, and “Tap‑to‑Phone” solutions.
  • Innovation competition – A competition connecting local startups with international investors and Visa’s global network.

Why this matters for Syrian businesses

  1. Access to global payment rails – With Visa back‑office support, Syrian merchants can process international card transactions, opening new revenue streams.
  2. Reduced transaction costs – Modernized infrastructure lowers fees for digital payments, making cashless commerce more affordable.
  3. Enhanced security – Visa‑driven fraud‑prevention tools protect both merchants and consumers.
  4. Growth opportunities – The sandbox encourages the creation of home‑grown payment apps, loyalty platforms, and cross‑border services.

> Call to Action: Ready to digitize your payments and join the fintech wave? Contact Dragonfly Soft to integrate Visa‑compatible solutions and future‑proof your business.