By John Lee. Iraq's first digital bank, First Iraqi Bank, has announced the launch of Visa Direct for the first time in the Iraqi market, in partnership with Visa. According to a press release, Visa Direct is a real-time point-to-point payment service that will enable Iraqi consumers to enjoy real time transfers for the first
By John Lee. The Iraqi Cabinet has agreed to draft a a law to regulate electronic payments in Iraq. The Legal Department of the General Secretariat of the Council of Ministers will work together with the Central Bank of Iraq (CBI), the Federal Board of Supreme Audit, and the Economic Adviser to the Prime Minister
By John Lee. The Iraqi Cabinet has agreed to draft a a law to regulate electronic payments in Iraq. The Legal Department of the General Secretariat of the Council of Ministers will work together with the Central Bank of Iraq (CBI), the Federal Board of Supreme Audit, and the Economic Adviser to the Prime Minister
This is in addition to progress in the regulatory, technical, and operational aspects of the sector has contributed to the recent transformation towards electronic payments.