ALGERIAN BANKING AND MONETARY LAW, 2023 (FINTECH AND DIGITAL BANKS)

Algeria's recent monetary and banking law, Law №23–09, signifies the government's proactive approach to adapting to the changing financial landscape and embracing the potential of fintechs, digital banks, and payment service providers. The law opens up opportunities for innovation and competition while ensuring the stability and integrity of the financial sector. By allowing non-bank entities to provide approved payment services, expanding the operations of banks and financial institutions, and facilitating the establishment of investment banks and digital banks, Algeria is poised to create a robust and inclusive financial ecosystem.