The Central Bank Warns Against Dealing With Entities “Unlicensed” By It
Thursday 26 October 2023 Economical Number of readings: 392 Baghdad / NINA / The Central Bank of Iraq warned against dealing with “unlicensed” entities that issue electronic payment cards, in order to avoid falling into fraud and financial fraud.
The bank stated in a statement that: “It has recently been observed that some unlicensed entities are issuing and promoting electronic payment cards.”
The bank warned against dealing with these entities to avoid fraud and financial fraud, stressing the importance of verifying their licenses before using their cards and applications in order to benefit from their services, and relying on the official websites and channels of licensed companies and banks.
The Central Bank of Iraq noted that it is possible to identify electronic payment service providers licensed by the Central Bank of Iraq through its official website (www.cbi.iq)./End