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Syria re-enters global financial system after US terror list removal
Syria is re-entering the global financial system following the United States' decision to remove the country from its list of state sponsors of terrorism, a designation held since 1979. This geopolitical shift has enabled the resumption of international digital payment services in the country.
In a symbolic demonstration of this reintegration, Syrian President Ahmed al-Sharaa performed the first live Visa transaction by paying for coffee at a shop in Old Damascus. The transaction was conducted in the presence of Central Bank Governor Mohammed Safwat Raslan. Simultaneously, Mastercard and QNB Group successfully processed the first end-to-end international Mastercard payment in Syria through QNB Syria.
These technical milestones follow a roadmap established between the Central Bank of Syria and Visa in late 2025. While the tests mark a transition from technical readiness to public service, full widespread availability of international cards across all Syrian merchants remains subject to gradual regulatory approvals and infrastructure development.
Entities
Ahmed al-Sharaa · Central Bank of Syria · Fransabank Lebanon · Mastercard · Mohammed Safwat Raslan · QNB Group · Safwat Raslan · Scott Bessent · Syria · United States · Visa
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 6 SOURCES] The transaction was conducted in cooperation with Fransabank Lebanon and Paymera. golan-media.com · intlbm.com · www.cumhuriyet.com.tr · gulfnews.com · themedialine.org · +1 more
- [● 9 SOURCES] Hayat Tahrir al-Sham was also removed from a global list of designated terrorist organizations. gr.euronews.com · hu.euronews.com · it.euronews.com · fr.euronews.com · es.euronews.com · +4 more
- [● 2 SOURCES] The removal of Syria from the terror list is intended to foster investment and economic stability. www.arabnews.jp · www.arabnews.pk
- [● 9 SOURCES] The Caesar Act, a major secondary sanctions regime, was repealed by the US Congress in December 2025. gr.euronews.com · hu.euronews.com · it.euronews.com · fr.euronews.com · es.euronews.com · +4 more
- [● 27 SOURCES] President Ahmed al-Sharaa performed the first Visa transaction by paying for coffee in Damascus. www.arabnews.jp · www.arabnews.pk · www.cumhuriyet.com.tr · gr.euronews.com · hu.euronews.com · +22 more
- [● 28 SOURCES] The United States removed Syria from its list of state sponsors of terrorism. golan-media.com · www.arabnews.jp · www.arabnews.pk · www.cumhuriyet.com.tr · gr.euronews.com · +23 more
- [● 7 SOURCES] Visa successfully tested the first live international transaction in Syria. golan-media.com · intlbm.com · www.cumhuriyet.com.tr · gulfnews.com · themedialine.org · +2 more
- [● 19 SOURCES] The Governor of the Central Bank of Syria described the transaction as a beginning of a new era for the national payments ecosystem. golan-media.com · intlbm.com · www.arabnews.jp · www.arabnews.pk · gulfnews.com · +13 more
- [● 5 SOURCES] QNB and Mastercard successfully processed the first international Mastercard payment in Syria. timesofmiddleeast.com · www.lahzanews.com · techafricanews.com · syrianbusinessgateway.com · doanhnghiephoinhap.vn
- [○ 1 SOURCE] Syria and Russia reached an agreement to maintain two Russian military bases in Syria. thanhnien.vn
- [○ 1 SOURCE] Hayat Tahrir al-Sham (HTS) has also been removed from the United States list of global terrorist organizations. villaangelaprensa.com.ar
- [● 2 SOURCES] Secretary of State Marco Rubio stated the move recognizes positive actions by the Syrian government to distance itself from international terrorism. villaangelaprensa.com.ar · ch23.com