One Million Bank Cards In Iraq.. And The Central Bank Supports Electronic Wallets
Time: 2025/02/26 Read: 1,980 times {Economic: Al Furat News} The Governor of the Central Bank, Ali Al-Alaq, announced today, Wednesday, the achievement of tangible progress in the field of financial inclusion and electronic payment in the country, stressing that the number of bank cards issued reached about 17 million cards throughout Iraq.
Al-Alaq said in a speech during the ninth annual exhibition and conference on finance and banking services in Iraq: “We succeeded in raising the rate of financial inclusion to more than 40%, which reflects the expansion of banking services and their access to wider segments of citizens.”
He pointed out that "the Central Bank has achieved international integration by linking the Iraqi electronic payment system to global networks,
which contributes to enhancing cross-border financial transactions and facilitating digital payment operations."
Al-Alaq added: “We directly supported the licensing and operation of electronic wallets via phone, which enabled more citizens to benefit from digital banking services easily and safely.”
He also revealed that "the number of permanent electronic wallets has reached 1.2 million wallets," stressing that "these achievements in the field of electronic payments represent a fundamental shift in the Iraqi financial system," and contribute to strengthening the financial infrastructure and achieving digital transformation." LINK