Abstract:
This memorandum emphasizes the increasing significance of financial technology in enhancing commercial transactions in Algeria, particularly in the context of the rapid digital transformations occurring both globally and locally within the financial sector. The study illustrates how financial technology, through its diverse applications—such as electronic payment systems, digital wallets, crowdfunding, and electronic contracts—has emerged as a powerful tool for streamlining business processes, promoting financial inclusion, and supporting small and medium-sized enterprises.
The memorandum examines the theoretical and legislative frameworks for financial technology, providing a thorough analysis of legal and regulatory developments in Algeria. It also compares the Algerian experience with international practices. Additionally, the document highlights the challenges facing this sector, particularly concerning consumer protection, cybersecurity, the fight against money laundering, and the necessity of updating legislation to keep pace with digital innovations.
The study also examines the impact of financial technology on enhancing access to financial services, improving the efficiency of commercial transactions, and providing innovative solutions that address the needs of the national market. The memorandum concludes that to fully realize the potential benefits of financial technology, it is essential to develop legislative and regulatory frameworks, strengthen cooperation between the public and private sectors, and invest in digital infrastructure. These measures will help ensure a secure and conducive financial environment for economic growth in Algeria.
