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Shafaq News/ The Association of Iraqi Private Banks announced on Monday that the percentage of users of electronic payment tools in Iraq has increased, confirming that there are about 15 million active bank cards.
The Executive Director of the Association, Ali Tariq, said in a statement received by Shafaq News Agency, "The policy of the Central Bank of Iraq is working to increase electronic payment tools, which contributes to increasing confidence between the citizen and the banking sector, in addition to raising the percentage of financial inclusion."
He added that "the year 2021 witnessed a growth in bank cards by 26.87%, as the total number of activated cards owned by citizens amounted to 14.9 million cards of all kinds, in addition to the presence of 2.1 million active mobile payment wallets."
Tariq stressed that "there are 1,566 ATMs throughout Iraq until the end of the year 2021, in addition to the presence of more than 14.7 thousand financial payment points and more than 8.3 thousand electronic payment points."
He explained that "activating bank cards and publishing electronic payment tools will contribute to facilitating the payment process when buying from inside and outside Iraq, in addition to reducing dependence on banknotes and increasing the volume of electronic commerce in the country, which contributes to achieving greater revenues for merchants, and regulating and reducing losses in electronic commerce." .
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Association of Private Banks: Nearly 15 million bank cards in Iraq
Shafaq News/ The Association of Iraqi Private Banks announced on Monday that the percentage of users of electronic payment tools in Iraq has increased, confirming that there are about 15 million active bank cards.
The Executive Director of the Association, Ali Tariq, said in a statement received by Shafaq News Agency, "The policy of the Central Bank of Iraq is working to increase electronic payment tools, which contributes to increasing confidence between the citizen and the banking sector, in addition to raising the percentage of financial inclusion."
He added that "the year 2021 witnessed a growth in bank cards by 26.87%, as the total number of activated cards owned by citizens amounted to 14.9 million cards of all kinds, in addition to the presence of 2.1 million active mobile payment wallets."
Tariq stressed that "there are 1,566 ATMs throughout Iraq until the end of the year 2021, in addition to the presence of more than 14.7 thousand financial payment points and more than 8.3 thousand electronic payment points."
He explained that "activating bank cards and publishing electronic payment tools will contribute to facilitating the payment process when buying from inside and outside Iraq, in addition to reducing dependence on banknotes and increasing the volume of electronic commerce in the country, which contributes to achieving greater revenues for merchants, and regulating and reducing losses in electronic commerce." .
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