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The Central Bank prevents electronic payment providers from providing loans and advances

rocky
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payment - The Central Bank prevents electronic payment providers from providing loans and advances Empty The Central Bank prevents electronic payment providers from providing loans and advances

Post by rocky on Thu 23 May 2019, 7:19 am

The Central Bank prevents electronic payment providers from providing loans and advances
  
 May 23, 2019
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The Central Bank of Iraq would like to emphasize that the Banking Law No. (94) of 2004 does not allow electronic payment service providers to provide credit services (loans and advances). This bank also states that the license granted to them under the Electronic Payment Services System No. (3) of 2014 Do not allow contracting with the above suppliers or their agents / outlets for the purpose of providing credit facilities in all its forms. This bank is the sector authority responsible for organizing and monitoring the work of electronic payment providers in Iraq .

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    Current date/time is Wed 13 Nov 2019, 7:08 am