Credit Libanais - Payment Connector Definition | Akurateco

Credit Libanais

Credit Libanais is Lebanon’s leading bank that was established as a joint-stock company in 1961. Now the branches of the financial institution can be found in Cyprus, Senegal, Bahrain, and Lebanon. It is also the eighth largest subsidiary bank of Senegal. The bank is operated by CL Group.

Credit Libanais provides a vast array of services that are offered globally through its local branches. Along with classical banking activities, Credit Libanais offers a range of sophisticated services including e-commerce, POS, e-banking services, and ATM networks.

The benefits of Credit Libanais

The bank offers different types of accounts for enterprises such as:

 Term savings account, which is great for individual and joint use. The minimum amount is 1000 USD.

  • Sight Savings account, which enables account holders to earn interest.
  • Salary domiciliation service for direct transfer of salaries.
  • Merchant access account, which is a current account with savings options.
  • Current corporate account.
  • Corporate accounts.
  • CLIB savings account, which offers high rates on blocked deposits.

The bank aims to deliver a great customer experience. for merchants. Within the frames 2-year digital transformation strategy, accepted by the facility, it acquired a high-tech contact center infrastructure that enabled it to attain an omnichannel seamless customer experience. 

A partnership with NCR corporation that the bank started in 2017 helped the financial institution to improve its e-banking services portfolio. New technology helped the bank to process transactions faster. The software platform developed by NCR is convenient for quick integration with existing core banking and its CRM systems. In this way, it is easy to install and deploy the platform.

Using a Merchant Access Account, the companies get many possibilities that open ways for retail businesses. The business owners can process their payments electronically via the affiliate Credit Card Management (CCM) that connects to the point of sales (POS). It performs the processing of transactions directly to your bank account at a rate of 2-4% depending on the business type and the country. The benefits include the possibility of a dual currency current account, free checkbooks, and electronic funds transfer (EFT) on the transactions on the Merchant Access Account within 24 hours.

Business model

The bank is a reliable partner for companies and institutions as it helps to extend competitive products to enterprises. There are simple and sophisticated solutions companies can use for internal and external transactions. The banks support businesses offering them the account setup, extensive range of services, loans, investment banking, and insurance plans. 

How to connect to the system

There is an application form on the official website of the bank where merchants should fill out fields to be connected to VISA Merchant Service. After the form is completed, merchants get ID and password through the chosen method of communication. The signed contract should be sent to the bank fax. For more information, contact a Customer Service Agent via e-mail or phone, provided on the website. 



The information provided on this webpage is intended solely for informational purposes and does not constitute promotion, collaboration, cooperation, partnership, or any form of endorsement or recommendation. The content presented reflects the views and opinions of the author and should not be considered as legal, financial, or professional advice. We make no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, suitability, or availability of the information contained on this website. Users are solely responsible for their reliance on any information obtained from this website. Furthermore, this website may contain links to external websites or third-party content. We do not endorse, control, or guarantee the accuracy, relevance, or completeness of such external content. Users should exercise their own discretion when accessing and using any third-party websites or services. By accessing and using this website, you acknowledge and agree that we shall not be liable for any direct or indirect damages or losses arising from the use or reliance upon the information provided herein or any third-party content linked to from this website.

Providers from the same region that you might like:
Areeba is a payment system with high-end infrastructure headquartered in Beirut. The company behind…

Bank of Beirut (BoB) is a commercial bank that started working in 1963 in Lebanon and adopted its…

Network International Jordan (NI), previously known as Emerging Markets Payment is a provider of…

Related Articles