Baghdad – IA – Hassan Al-Fawaz
Today, Friday, the Iraqi Private Banks Association counted the number of electronic payment devices and payment cards during the year 2023, confirming that this issue is witnessing a major transformation.
The Executive Director of the Association of Banks, Ali Tariq, told the (INA): “The electronic payment file is making continuous progress thanks to the support and directives of Prime Minister Muhammad Shiaa Al-Sudani, and the government’s insistence on achieving this goal has stimulated all institutions, whether governmental, private, or financial institutions, to cooperate.” In the field of providing electronic payment tools to citizens across the public and private sectors.”
He pointed out that, “After the Council of Ministers issued the decision to generalize electronic payment last year, a very significant progress and leap was achieved with regard to the number of points of sale, whether in the private or government sector, as it rose in just half a year from about 7,000 devices to 24,000 devices at the end of the year.” Same year 2023,” expecting, “the number of electronic payment devices will increase further during the year 2024.”
He pointed out, “Nearly two and a half million cards were issued in 2023, whether prepaid cards or cards linked to an account to activate them in this field.”
He stressed, “Electronic payment in Iraq is witnessing a clear transformation, and it needs a little time, so that all institutions, according to the decisions issued by the Council of Ministers, can shift to automation in a way that ensures the presence of electronic payment ports in all institutions and places.”