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
