BusinessLibya

BCD launches ride-hailing service in Tripoli, Benghazi

The Bank of Commerce and Development (BCD) launched on Tuesday Libya’s first ride-hailing service “Rahal” to support the county’s transportation sector.

Rahal will operate initially in Tripoli and Benghazi with 100 cars in every city. It is also expected to operate passenger bus service between Libyan cities.

The payment for the service will be through e-wallet created by the company, or by means of e-commerce payment operated by the bank.

The application was founded by Wasel company for transportation service, affiliated to the BCD, last December. The announcement came at the Second Annual Libyan Banking Sector Development Forum held in the city of Benghazi

Ride-hailing services could not operate in Libya previously due to continuous security threats posed by terrorist groups, such as the Islamic State (IS) and al-Qaeda.

The BCD was Libya’s first private bank to be established as part of the country’s privatization plan. It is headquartered in Beida, eastern Libya.

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