Blog & News

Youth Employment KRI Program: Empowering the Future of Kurdistan

In a collaborative initiative between Wedo, the Dutch Kingdom, and the RVO department, the Youth Employment KRI program emerges as a beacon of hope in addressing the pressing issue of increasing youth unemployment in the Kurdistan Region of Iraq (KRI) by creating a bridge between education and employment. Recognizing the potential of the young demographic, this project seeks to go beyond traditional boundaries and forge meaningful connections between academic institutions, local businesses, and aspiring youth.

May 06, 2024

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How Technology Will Shape Iraq’s Banking and Financial Services

Efforts are currently underway to enhance technology adoption and innovation within financial services. We’ll examine the current landscape and highlight the significance of technology in driving advancements, and explore the necessary steps and improvements required to accelerate progress, with a particular focus on the importance of security in the payment and banking sector.

Apr 07, 2024

Iraq’s Electronic Payment Acceptance Landscape

Iraq is experiencing a transformative shift towards electronic payment acceptance, driven by recent initiatives from the Central Bank of Iraq (CBI) and the Iraqi Council of Ministries. With a focus on promoting digital financial services, the country is poised to witness significant growth in the adoption of point-of-sale (POS) and eWallet solutions. This article explores the current landscape, key partnerships, and the future outlook for electronic payment acceptance in Iraq.

Jan 03, 2024

An Overview Of The Banking And Payment Sector In Iraq

In recent years, Iraq has seen a rapid expansion of its banking and payment sector, with more and more people opening bank accounts and using digital payment methods. This trend has been fueled by the growing number of banks establishing branches and installing ATMs, as well as businesses installing point-of-sale (POS) terminals to accept card and QR payments. This increase in financial inclusion has helped to modernise Iraq’s payment landscape, with the banking and finance industry now accounting for more than 23% of the country’s GDP.

Feb 01, 2023

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