The Banking Executive Issue - October 2025 Issue

Onchain Finance In Arab Countries ISSUE 202 OCTOBER 2025 the BANKING EXECUTIVE 83 GROWTH OF ONCHAIN FINANCE IN LEBANON Onchain finance in Lebanon is grow- ing out of necessity, as citizens seek alternatives to the Lebanese banking system and to address challenges posed by the devalued national cur- rency. Between 2019 and 2023, the Lebanese pound lost over 90% of its value, and banks imposed severe withdrawal limits, leaving millions without access to their savings. In re- sponse, stablecoins, digital curren- cies pegged to the United States US dollar, have emerged, enabling peo- ple to preserve value, send remit- tances, and transact without relying on traditional intermediaries. The adoption of blockchain-based fi- nance is reshaping Lebanon’s finan- cial landscape, with digital wallets, fintech platforms, and informal crypto networks. While regulatory clarity remains a challenge, the de- mand for decentralized and resilient financial tools continues to drive in- novation in Lebanon. These companies are helping to fill the gap left by Lebanon’s traditional banking sector, offering blockchain-based alternatives for payments, lending, and financial access. LEBANON ONCHAIN FINANCE ECOSYSTEM LED BY FINTECH STARTUPS AND SOFTWARE FIRMS Provider Bluering PinPay Letsgrant Globivest Neopay Credit automation and risk management software Digital payments and mobile money services Consumer lending and financial services Private investment firm supporting fintech innovation Mobile payment and wallet solutions Offers digital credit solutions for banks and financial institutions Enables secure online transactions and merchant payments Provides fintech tools for digital credit and lending Invests in blockchain-enabled financial platforms Facilitates peer-to-peer and merchant transactions Role in Onchain Finance Notable Initiatives