New Cash Access Points
Syria's minister of finance launched an electronic linking service on 19 August 2026 that connects Popular Credit Bank with a money-transfer company. The arrangement lets the bank's customers carry out cash withdrawals and deposits through the company's outlets rather than only at the bank's own counters.
The service went live as a joint operation between the bank and the transfer company, tying the two networks together through a single electronic connection.
Scale of the Network
The link adds roughly 220 transfer centers to the bank's existing network of 65 branches spread across Syrian governorates. The combined footprint sharply increases the number of physical points where account holders can reach their money.
Extending service through an established transfer operator lets the bank widen coverage quickly, without the cost and time of building new branches of its own in each area.
How It Works
Under the arrangement, eligible customers present themselves at a partner center and complete deposits or withdrawals against their bank accounts, with the transaction cleared through the electronic link between the two institutions. The bank retains the account relationship while the transfer company supplies the counter and the cash-handling.
Focus on Retirees
Officials framed the service as aimed in particular at retirees, who draw regular payments and often face long trips to a limited number of branches. Placing withdrawal and deposit points closer to where people live is intended to cut the time and cost of routine transactions for pensioners in areas without a nearby branch.
Broader Payment Drive
The step fits a wider effort by the authorities to broaden electronic payment and money-transfer options across the country. Expanding the channels through which residents can move cash is part of a push to route more everyday transactions through formal, traceable networks rather than informal ones.