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Algeria currently has 2,980 electronic payment terminals.
They have announced a 300 per cent rise in the price of charges.
SMEs will be the main beneficiaries of the loan.
The fund is part of a governmental scheme.
The company wants to tap into the growth potential of sub-Saharan markets.
It allows investors to carry out stock market transactions from their phone.
It said it is committed to bridging the financing gap affecting smaller businesses.
The country will raise CFAF150 billion in Islamic bonds.
It unveiled new penalties for banks not complying with the Financial Services Act.