News

Wave Bike Is On A Mission To Improve Beirut Commuting

The Dutch-Lebanese startup offers a pioneering e-bike service that aims to reduce traffic congestion in Lebanon’s busy capital.

Published

3 years ago

October 16, 2023

Nour Nasir

Wave Bike

Beirut — and Lebanon in general — is a place where cyclists are a comparatively rare site. Dutch entrepreneur Jan Willem de Coo, along with his all-Lebanese team at Wave Bike, aims to change that and, in the process, transform the daily commute for Lebanese workers.

“Cycling is one of the healthiest, most environmentally friendly, and financially accessible modes of city commuting. It is 18 times less polluting than driving a car and offers freedom of movement, reduces stress, and fulfills the daily physical activity required to live a healthy lifestyle,” explains Joyce Hamadeh, head of communications at Wave Bike.

Wave Bike was launched back in 2021, with a $250,000 investment helping the startup tackle Lebanon’s unique traffic dynamics, road systems, and geographic challenges. Now in full operation, Wave Bike’s fleet of 325 bicycles can be hired for as little as $49 per month.

Wave Bike assembles new additions to its fleet using a team of Lebanese mechanics. The bikes are shipped in from Taiwan and are specced with broader tires to navigate poor road surfaces, along with narrow bars for better maneuverability. Meanwhile, electric motors assist communities on inclines, and a handy center stand makes parking straightforward.

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The bikes are offered on a subscription basis, which, according to Joyce Hamze, also includes safety gear: “Wave offers a monthly subscription, meaning every person will receive a bike of his/her own to keep until termination, and it includes maintenance, helmet, and theft insurance”.

Although Wave’s bikes use electric motors, the batteries consume little electricity. They’re also detachable, so can be recharged in a convenient location. Meanwhile, the company also offers an app that allows riders “the chance to discover the friendliest cycling routes while enjoying special features”, including routing, journey tracking, maintenance support, and access to Bike Functions.

News

Visa’s Return To Syria Starts With A Test And A Bank In Lebanon

Foreign visitors will be the first users to benefit, but whether Syria’s own banks and cardholders follow is still an open question.

Published

2 weeks ago

August 27, 2026

Dana Saadeh

visa's return to syria starts with a test and a bank in lebanon

Visa is returning to Syria. Its first live international card transaction in the country was a test rather than a launch, and the milestone event ran through a Lebanese bank.

The acquirer (the bank on the merchant’s side of a card payment) was Fransabank Lebanon, with Paymera as the other named partner. Nadim Moujaes, who heads a Fransabank Group subsidiary, describes the test as both the culmination of “longstanding efforts to link Syria back to international payment networks” and “the first step in a larger path”.

Syrian President Ahmed Al-Sharaa makes the first electronic payment in Syria using a @Visa card at a store in Damascus, following the lifting of US sanctions on Syria. pic.twitter.com/lpAN7nQ6Fc

— Tech Magazine (@TechMGZN) August 27, 2026

“We are excited to have successfully tested live transactions today as we plan to enable international visitors to use their Visa cards while in Syria,” says Leila Serhan, Visa’s senior vice president and group country manager for the North Africa, Levant and Pakistan region. Although a significant first step, that plan doesn’t come with a hard date for when a visitor’s card will work normally.

Mohammed Safwat Raslan, governor of the Central Bank of Syria, says the test paves the way for international card acceptance in Syria and that maintaining strong compliance, risk management and operational controls will remain essential. Serhan likewise stresses that Visa has worked within applicable legal, regulatory and compliance requirements. For a test transaction, it seems there was a great deal of attention paid to the rules, with the entire operation being carefully managed.

Also Read: Lebanon’s 5G Era Begins With 150 Stations And A $1M Budget

The test is the latest step in a sequence that began in December 2025, when Visa announced a strategic roadmap to support Syria’s integration into the global digital economy. In February 2026 it hosted its first industry gathering of banks, ecosystem partners and policymakers in Damascus and, the same month, signed an agreement with Syria’s Ministry of Communications and Information Technology in San Francisco.

Michel Kattouah, Paymera’s CEO, called the test “the return of international card acceptance,” but while that’s positive news, there’s no word yet on when a Syrian bank will issue a Visa card to a Syrian customer.